United Nations World Economic Situation and Prospects 2025:
According to the United Nations (UN) flagship report, World Economic Situation and Prospects 2025 Indian economy is expected to grow by 6.6 per cent in 2025 and 6.7 per cent in 2026.
United Nations World Economic Situation and Prospects 2025:
- It was produced by the United Nations Department of Economic and Social Affairs (UN DESA), in partnership with UN Trade and Development (UNCTAD) and the five UN regional commissions.
Key points about the report:
- It projects that global growth will remain at 2.8 per cent in 2025, unchanged from 2024.
- The report highlighted that capital expenditure on infrastructure development is expected to have strong multiplier effects on growth in the coming years.
- Expansion in the manufacturing and services sectors will continue to drive the economy, while strong export growth in services and certain goods categories, such as pharmaceutical and electronics, will bolster economic activity,
- It also noted that favourable monsoon rains in 2024 have improved summer-sowing areas for all major crops, boosting agricultural output expectations for 2025.
- The UN report said that economic growth in South Asia is expected to remain robust in 2025, primarily driven by strong performance in India.
- The region is projected to grow at 5.7 per cent in 2025 and 6 per cent in 2026.
- It also highlighted the opportunity for resource-rich developing countries, such as India, to boost growth, create jobs, and increase public revenues for investment through rising demand for critical minerals.
