According to the United Nations World Economic Situation and Prospects (WESP) 2015 report released on 14 January, India’s growth in terms of GDP is expected to reach 5.9 per cent in 2015 and 6.3 per cent in 2016.
Highlights of Report :-
India:- Its growth recovery is partly the result of improved market sentiment after the new government took office in the second quarter of 2014 and had announced plans to reform the bureaucracy, labour laws and public subsidies.
South Asia:- Economic growth in South Asia is set to gradually pick up from an estimated 4.9 percent in 2014 to 5.4 percent in 2015 and 5.7 percent in 2016. India, will account for about 70 percent of regional output in South Asia.
* Average inflation in this region is expected remain moderate at 7.8 percent in 2015 and 7.2 percent in 2016, as commodity prices are likely remain subdued and domestic demand picks up gradually.
Global Economy:- It is expected to grow at 3.1 percent in 2015 and 3.3 percent in 2016, compared with an estimated growth of 2.6 percent in 2014.
Highlights of Report :-
India:- Its growth recovery is partly the result of improved market sentiment after the new government took office in the second quarter of 2014 and had announced plans to reform the bureaucracy, labour laws and public subsidies.
South Asia:- Economic growth in South Asia is set to gradually pick up from an estimated 4.9 percent in 2014 to 5.4 percent in 2015 and 5.7 percent in 2016. India, will account for about 70 percent of regional output in South Asia.
* Average inflation in this region is expected remain moderate at 7.8 percent in 2015 and 7.2 percent in 2016, as commodity prices are likely remain subdued and domestic demand picks up gradually.
Global Economy:- It is expected to grow at 3.1 percent in 2015 and 3.3 percent in 2016, compared with an estimated growth of 2.6 percent in 2014.
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