Here’s what UNESCAP has to say about India’s growth
The UNESCAP has estimated India's economy will grow by 6.4% in the current fiscal year and 6.6% in the next, despite the West Asia conflict adding pressure to the economic outlook. The region's developing economies are expected to grow by 4% in 2026, down from 4.6% in 2025.
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has estimated that India's economy will grow by 6.4% in the current fiscal year and 6.6% in the next. The West Asia conflict is adding pressure to the economic outlook for Asia and the Pacific. ESCAP forecasts a pickup in inflation in India to 4.4% this fiscal year from 2.3% in the previous year. The region's developing economies are expected to grow by 4% in 2026, down from 4.6% in 2025. The magnitude of the impact of the conflict depends on factors such as reliance on West Asia for oil and LNG, trade ties with Iran, and the region's economic structure. Near-term risks include the duration and intensification of the conflict, re-escalation of trade tensions, and global financial volatility.
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