UNCTAD pegs India's GDP growth in 2022 at 5.7%
United Nations Conference on Trade and Development (UNCTAD) expects India’s real GDP growth in 2022 to decelerate to 5.7 per cent from 8.2 per cent in 2021. Higher financing cost and weaker public expenditures has hampered economic activity, it reasoned. Further, in view of planned increase in capital expenditure, UNCTAD stated that policymakers will be under pressure to reduce fiscal imbalances and this may lead to falling expenditures elsewhere. Under these conditions, the country’s economic growth is expected to further slowdown to 4.7 per cent in 2023.