INFO:

While most countries across the globe have entered a slow recession, the Indian economy is expected to grow by 6.7 per cent in the calendar year 2024, emerging as one of the few bright spots, a new UN report has revealed.  The World Economic Situation and Prospects as of mid-2023 report released on Tuesday said India's economy is expected to expand by 5.8 per cent in 2023 and 6.7 per cent in 2024.  It, however, added that higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023.