UN revises India's 2024 growth upwards to 6.9%

UN's World Economic Situation and Prospects report revised India's 2024 GDP growth to 6.9%, surpassing China. The IMF and RBI also raised growth forecasts. India's economy is a bright spot with strong domestic demand, robust exports, and efforts to control consumer price inflation, particularly in the face of elevated food prices in Q1 2024.