The pace of Indian economy will remain fast this year also, global economy will remain sluggish

New Delhi : This year the Indian economy has become the fastest growing economy in the world. However, this situation has been weak on a global basis. The World Financial Forum released a report on Thursday. On the basis of this report, it is being said that despite some signs of slowdown, India's economic growth is expected to remain in a strong position. On the contrary, the global economy may face significant challenges in the year 2025.

In the report prepared on the basis of analysis done by leading economists around the world, it is being said that South Asia is continuously growing rapidly on the basis of economic growth. 61 percent of leading economists believe that South Asia's GDP can have the strongest performance this year. This performance reflects India's strong position in this sector. India continues to be the fastest growing economy in the world.

According to the National Statistical Office (NSO), India's economic growth rate has declined to the lowest level in the last two years at 5.4 percent in the third quarter of the current financial year, which is lower than the estimate released by the RBI.

Chinese economy is slowing down

The World Financial Forum has said that the outlook for China is not good due to lack of consumer demand and weak productivity. China's growth rate may gradually slow down in the coming years.

FICCI reduced the growth rate

Industry body FICCI has reduced India's growth rate estimate for the current financial year from 7 percent to 6.4 percent. According to the latest data from the Federation of Indian Chambers of Commerce and Industries i.e. FICCI, the growth rate is much lower than that recorded in the financial year 2023-24. The growth rate of GDP in the last financial year was 8.2 percent. FICCI has said that the policies of US President Donald Trump can have a direct impact on India's economy.

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