India's GDP growth down to 6.3%

UN lowers India’s GDP by 6.3 per cent from 7.1 per cent in last year due to global heatwinds, but forecasts a strong growth momentum

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India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.

The UN Thursday launched a report titled 'The World Economic Situation and Prospects as of mid-2025'.

“India remains one of the fastest growing large economies, driven by strong private consumption and public investment, even as growth projections have been lowered to 6.3 per cent in 2025,” Ingo Pitterle, Senior Economic Affairs Officer, UN Department of Economic and Social Affairs (DESA), said at a press briefing here.

The report coveys the current situation of global economy global, marked by heightened trade tensions and elevated policy uncertainty. The recent surge in tariffs, driving the effective US tariff rate up steeply, threatens to raise production costs, disrupt global supply chains and amplify financial turbulence.