It’ll be the highest growth rate since the 2008-2011 period, when the Indian
The UN report also revealed that India is likely to make progress in implementing economic policy reforms and help provide support to business and consumer confidence.
However, we cannot overlook the significant downside risks looming over the region due to the continuing fragility of the
According to the report, global economic growth is forecast to witness an upward trend in the next two years despite the emergence of new challenges such as Ebola outbreak, political instability, terrorism and weather-related shocks.
In 2015, the global economy is expected to grow 3.1% and it will register a growth of 3.3% in 2016, as against an estimated growth of 2.6% this year, as the speed at which expansion is being done is moderate and uneven.