India Projected to Grow at 7.1% in Fiscal Year 2020: UN Report

  • On 21st May, 2019, the United Nation released World Economic Situation and Prospects (WESP) 2019 Mid-year Update report
  • According to it, India’s economy is projected to grow at 7.1 per cent in fiscal year 2020 on the back of strong domestic consumption and investment.
Key highlights of the Report

India Specific

  • Strong domestic consumption and investment will continue to support growth, which is projected at 7.0 per cent in 2019 and 7.1 per cent in 2020.
  • Despite the downward revisions, India remains the fastest growing major economy in the world, ahead of China.
  • India should focus on increasing private sector involvement in investment and ....

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