UNCTAD decline India GDP growth to 5.7% in 2022

UNCTAD decline India GDP growth to 5.7% in 2022: As per the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022, the expected economic growth of India has been declined to 5.7%.

October 2022 Current Affairs Quiz

Reason: Higher financing cost and weaker public expenditures.

The organization has also predicted that the GDP of country will further decelerate to 4.7% in 2023. India has experienced an expansion of 8.2 per cent in 2021.

UNCTAD:

• Headquarters: Geneva, Switzerland
• Founded: 30 December 1964