India Is the Lone Star! UN Report Cites India To be World's Fastest Growing Large Economy

India remains the world’s fastest-growing large economy, projected to achieve 6.3% growth in fiscal year 2025, despite a global economy at a “precarious moment,” according to the UN’s mid-year World Economic Situation and Prospects (WESP) report.

The forecast, down from January’s 6.6%, reflects robust private consumption, public investment, and strong services exports, with growth expected to edge up to 6.4% in 2026.

The global outlook, however, is grim, with trade tensions and policy uncertainty slashing the world growth rate to 2.4% in 2025. “It’s a nervous time for the global economy,” said Shantanu Mukherjee, director of the UN’s Economic Analysis and Policy Division, noting a decline from January’s stable growth projections.

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Other major economies lag: China at 4.6%, the US at 1.6%, Japan at 0.7%, the EU at 1%, and Germany at -0.1%.

India’s resilience is bolstered by moderating inflation, projected to drop from 4.9% in 2024 to 4.3% in 2025, within the Reserve Bank’s target.

Stable unemployment persists, though gender disparities in employment highlight the need for inclusive policies. Risks loom from potential US tariffs, but exemptions for India’s pharmaceuticals, electronics, and semiconductors may cushion the impact, per the WESP.

The International Monetary Fund’s recent projections align closely, forecasting 6.2% growth for India in 2025 and 6.3% in 2026, underscoring its economic strength amid global headwinds.

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