• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

UN Report Pegs India’s GDP Growth At 6.6 Pc For 2025, China Seen Slowing To 4.8 Pc

OMMCOM NEWS by OMMCOM NEWS
January 10, 2025
in Business

New Delhi: India’s economy is projected to grow by 6.6 per cent in 2025, following an estimated expansion of 6.9 per cent in 2024, largely driven by private consumption and investment, according to the UN World Economic Situation and Prospects (WESP) 2025 report released on Thursday.

Additionally, India’s strong export growth in services and certain manufactured goods will bolster economic activity, the UN flagship economic report further states.

On the other hand, “the Chinese economy is expected to continue the trend of a gradual moderation amid tepid household consumption, lingering property sector weakness and rising trade tensions. Growth is projected to be at 4.8 per cent in 2025, compared to an estimated 4.9 per cent in 2024″, the report states.

The UN report projects that global growth will remain at 2.8 per cent in 2025, unchanged from 2024. While the world economy has demonstrated resilience, withstanding a series of mutually reinforcing shocks, growth remains below the pre-pandemic average of 3.2 per cent, constrained by weak investment, sluggish productivity growth, and high debt levels, it added.

The report notes that lower inflation and ongoing monetary easing in many economies could provide a modest boost to global economic activity in 2025. However, uncertainty still looms large, with risks stemming from geopolitical conflicts, rising trade tensions and elevated borrowing costs in many parts of the world. These challenges are particularly acute for low-income and vulnerable countries, where sub-par and fragile growth threatens to further undermine progress towards the Sustainable Development Goals (SDGs).

“Countries cannot ignore these perils. In our interconnected economy, shocks on one side of the world push up prices on the other. Every country is affected and must be part of the solution – building on progress made,” United Nations Secretary-General Antonio Guterres said in the foreword to the report. “We’ve set a path. Now it’s time to deliver. Together, let’s make 2025 the year we put the world on track for a prosperous, sustainable future for all.”

The UN report also points out that East and South Asia face mounting downside risks that could dampen economic prospects. Key risks and challenges include escalating geopolitical tensions, trade disputes, and the impact of climate change, which could reignite inflationary pressures and pose severe risks to food security. Additionally, protracted weakness in China’s property market and high levels of public and external debt across many South Asian countries could further strain economic stability.

In response to these risks and challenges, governments across East and South Asia have implemented tailored policies. Easing inflation prompted many central banks in the region to lower interest rates in 2024. A few monetary authorities, however, remained cautious due to country-specific concerns such as volatile food prices and elevated debt levels.

On the fiscal front, countries in the region are focusing on regaining fiscal space and supporting economic activity through strategic public spending and reforms, the report added.

(IANS)

Tags: GDP Growth
ShareTweetSendSharePinShareSend
Previous Post

Prashant Kishor Sent To Jail Without Custodial Warrant, Claims Lawyer

Next Post

HIL 2024-25: Vedanta Kalinga Lancers Pip Team Gonasika In Cagey Match

Related Posts

Business

Set To Invest $15-20 Billion Across Businesses In Next 5 Years: Gautam Adani

June 1, 2025
Business

IndiGo Places Order For Another 30 Wide-Body A350 Aircraft With Airbus

June 1, 2025
Business

India’s GST Collections In May Surge Over 16 Pc To Rs 2.01 Lakh Crore

June 1, 2025
indigo
Business

IndiGo Signs Partnership To Expand Long-Haul Flights To Europe, UK, North America

June 1, 2025
Indian stock markets
Business

RBI MPC, PMI Data, FII Activity, Global Economic Indicators To Drive Stock Market Next Week

June 1, 2025
Business

Indian Bond Market Shines Amid Falling Inflation: Jefferies

May 31, 2025
Next Post

HIL 2024-25: Vedanta Kalinga Lancers Pip Team Gonasika In Cagey Match

Narendra modi

PM Modi Set To Feature On Nikhil Kamath's 'People By WTF' Podcast; Trailer Revealed

Huge Quantity Of Fake Tyres And Tubes Seized In Cuttack

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.