India's Growth Outlook Remains Strong Amid Global Economic Slowdown

India's economic growth forecast is revised to 6.3% for 2025, yet the nation still ranks as one of the fastest-growing large economies globally. The United Nations' report attributes this resilience to strong private consumption and public investment, despite global economic challenges, trade tensions, and policy uncertainties.

The United Nations has revised India's economic growth forecast for 2025 downward to 6.3%, but the country still holds its position as one of the fastest-growing large economies. This resilience is largely driven by private consumption and government spending.

The recent UN report, 'The World Economic Situation and Prospects as of mid-2025', highlights that even as growth projections for India have been lowered, robust private consumption and public investment continue to support economic expansion. Despite global trade tensions and elevated US tariffs, sectors like pharmaceuticals and electronics could mitigate the impact on India's economy.

Globally, economic growth faces significant challenges with growth projections lowered and uncertainties stemming from trade policies. The multilateral trading system is under strain, which underscores the need for strengthened international cooperation to ensure sustainable development, the report suggests.

(With inputs from agencies.)