UN Report Sees India As Bright Spot Amid Global Slowdown

New Delhi: At a time when the worldwide economic system is dealing with what the United Nations calls a “precarious moment”, India has emerged as a unprecedented shiny spot. 

The UN’s mid-year replace of the World Economic Situation and Prospects tasks India’s expansion at 6.3 in keeping with cent within the present fiscal yr, the best amongst massive economies. This momentum is predicted to proceed into 2026, with expansion estimated at 6.4 in keeping with cent.

In distinction, the worldwide outlook stays subdued amid emerging business tensions, coverage uncertainty, and a decline in cross-border investments.

Global financial expansion is now projected to sluggish to 2.4 in keeping with cent in 2025, down from 2.9 in keeping with cent in 2024, and 0.4 share issues beneath the January forecast, the file states.

Amid international headwinds, India stands proud now not only for its headline expansion figures however for the intensity and breadth of its growth, from buoyant capital markets and strong production to record-breaking exports and a fast-expanding defence sector. These beneficial properties are rooted in sound coverage possible choices, sturdy home call for and rising international self belief in India’s financial trajectory.

The file launched in mid-2025 updates the sooner World Economic Situation and Prospects 2025, which got here out on January 9, 2025. It is ready through the Global Economic Monitoring Branch inside the Economic Analysis and Policy Division of UN’s Department of Economic and Social Affairs (DESA).

India’s expansion is being pushed through sturdy home call for and constant govt spending. These elements have supported solid employment and helped include inflation, which is predicted to fall to 4.3 in keeping with cent in 2025, staying inside the Reserve Bank of India’s goal vary.

Financial markets also are reflecting this optimism. Stock indices have proven cast beneficial properties, subsidized through sustained investor self belief. Manufacturing job is selecting up, helped through beneficial insurance policies and resilient exterior call for. Exports, particularly in strategic spaces like defence manufacturing, are increasing continuously. Together, those signs display that India’s economic system isn’t just protecting company but additionally making headway in an unsure international surroundings.

India’s capital markets have performed a key function in riding financial expansion. By channelling home financial savings into investments, they’ve bolstered the monetary gadget. As of December 2024, the inventory marketplace hit list highs. It outperformed many rising markets regardless of geopolitical tensions and home uncertainties.

The number one marketplace has been similarly lively. This tough marketplace has attracted multinational corporations like Hyundai and LG to listing their native subsidiaries in India. This shift indicators that India is not only a marketplace however a strategic spouse within the international monetary ecosystem.

India’s production sector has noticed spectacular expansion during the last decade. According to the National Accounts Statistics from the Ministry of Statistics and Programme Implementation, the Gross Value Added or GVA of producing at consistent costs just about doubled, emerging from Rs 15.6 lakh crore in 2013-14 to an estimated Rs 27.5 lakh crore in 2023-24.

India’s overall exports reached a list $824.9 billion in 2024–25, up 6.01 in keeping with cent from $778.1 billion in 2023–24. This marks an important bounce from $466.22 billion in 2013–14, reflecting sustained expansion during the last decade.

India’s defence manufacturing touched a brand new milestone within the monetary yr 2023–24, with the price of indigenous production emerging to Rs 1,27,434 crore. This represents a outstanding building up of 174 in keeping with cent in comparison to Rs 46,429 crore in 2014-15.

The nation’s defence exports have additionally noticed remarkable expansion. From a modest Rs 686 crore in 2013-14, exports skyrocketed to Rs 23,622 crore in 2024-25. This quantities to a thirty-four-fold building up during the last decade. Indian defence merchandise are actually being shipped to almost 100 international locations, reflecting India’s emerging stature as a world provider of strategic defence apparatus.