Current Affairs - Economy - Discussion

UNCTAD has revised its economic growth forecast for India in 2023 upward to 6.6% from the earlier projection of 6%. However, the report also anticipates a slowdown in India's growth to 6.2% in 2024. UNCTAD's revised forecast is based on India's strong domestic demand and robust corporate earnings. However, the report also highlights some downside risks to India's growth, including the ongoing war in Ukraine, rising inflation, and monetary tightening by the US Federal Reserve.