Thursday, March 30, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home Business

India still one of the high performers globally says head of UN body: Economy to grow by 6.6% next fiscal year

by Janam Web Desk
Jan 17, 2020, 12:06 pm IST
in Business

New Delhi: The United Nations has predicted that Indian economy will get back on the road to economic growth in the current and next fiscal years. The UN projects a 5.7% growth in the present fiscal year and 6.6% in the coming fiscal year. This is higher than the World Bank’s projection of just 5% released earlier this month.

The head of UN’s Global Economic Monitoring Branch, Dawn Holland, said that although there was a steep decline in growth, India was still one of the high performers globally. He added that the growth rate will improve because of the steps taken.

Last year the world’s gross product growth rate had shrunk to just 2.3%, which was the lowest in a decade. The US-China trade war had played a significant part in this downturn.

India’s growth rate also plummeted as a result but still maintained to hold on. In the current fiscal only China has a higher growth rate than India among the world’s large economies.

UN’s Associate Economics Affairs Officer, Julian Slotman, said, “Globally we have seen a large impact of trade tensions, particularly between the US and China, but also other major economies, that have affected growth rates across the globe and also, of course, India which is a very open economy, that has a lot to gain from international trade.”

He also attributed the decline in Indian growth to lowering investment and private consumption.

However, Slotman, said that the stimulus steps taken by the government will help stimulate the economic growth in 2020.

Tags: FEATURED
ShareTweetSendShare

Related News

PM pays tributes to martyrs of Pulwama
News

PM pays tributes to martyrs of Pulwama

PM bows to Mahatma Gandhi on his Punya Tithi
News

PM bows to Mahatma Gandhi on his Punya Tithi

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival
News

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Latest News

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Vice President calls upon youth to practise and follow Fundamental Duties

Vice President calls upon youth to practise and follow Fundamental Duties

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets citizens on Republic Day

President of India graces the inauguration of 18th National Jamboree of the Bharat Scouts and Guides in Rajasthan

President of India to confer the Pradhan Mantri Rashtriya Bal Puraskar 2023 tomorrow

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets people of Meghalaya on their Statehood Day

PM congratulates RRR team on winning Golden Globe Award for Best Original Song ‘Naatu Naatu’

PM lays foundation stone and dedicates various developmental projects in Kodekal, Karnataka

Amit Shah greets NDRF on its 18th Raising Day

Amit Shah greets NDRF on its 18th Raising Day

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited