Indian economy expected to grow 6.5% in the current financial year ending Maech 2022, (FY22), down from the earlier forecast of 8.4% amid rapid vaccination progress, the United Nations said.
The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA). UN has projected the growth rate for the fiscal 2023 (FY 2022-2023) at 5.9 percent.
On a calendar year basis UN has projected India’s GDP as follows:
- 2021 – 9 percent
- 2022 – 6.7 percent
- 2023 – 6.1 percent
Globally, the economy is projected to grow at:
- 2021 – 5.5 percent
- 2022 – 4.0 percent
- 2023 – 3.5 percent
