At 7.3 pc in 2016, India to remain fastest growing economy: UN

December 10, 2015 22:13

India's economy is projected to grow by 7.3 per cent next year and will continue to be the fastest growing economy in the world in 2016 and 2017 amid a volatile global financial conditions that will see diminished trade flows and stagnant investment, according to a UN report released today.

The United Nations World Economic Situation and Prospects (WESP) 2016 report said that India will record a 7.3 per cent economic growth in 2016 and 7.5 per cent in 2017.

While the growth is only a marginal improvement from the 7.2 per cent India achieved in 2014-15, the country will remain the fastest growing economy in the world in 2016 and 2017, the report said.

India's rival in South Asia, China will see a slowdown in growth in 2016 to 6.4 per cent from 6.8 per cent it had achieved in 2015.

The growth of the Chinese economy will not improve in 2017, when it will grow by just 6.5 per cent, a percentage point slower than India, which will be the fastest growing economy in the world.

« Back to LIVE

TOP STORIES

Impact Player rule has disrupted balance of game: Kohli

Virat Kohli has criticised the Impact Player substitution rule and said it is 'disrupting the balance' of the game.

Will win by a bigger margin, says Brij Bhushan's son

Karan Bhushan rejects the charges against his father, saying the "allegations are political and made up. We will challenge them in court".

IPL 2024: Captain Pandya's form mirrors MI's woes

Hardik Pandya had a below-par season in IPL 2024, scoring 216 runs at an average of 18 and taking 11 wickets at an economy rate of 10.75.

Had packed my bags in April itself: Kohli on RCB's disastrous first half

Reflecting on RCB's disastrous first half of the tournament, star batter Virat Kohli admitted he had his 'bags packed in April' itself.

WB Guv molestation case: FIR against 3 Raj Bhavan officials

Under Article 361 of the Constitution, no criminal proceedings can be instituted against a governor during his term in office.