Spread the love

According to a United Nations report, India’s economy is expected to increase by 6.4% this year and 6.6% in 2027. According to a report released yesterday by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), South and South-West Asian economies increased by 5.4% in 2025 compared to 5.2% in 2024, primarily due to robust growth in India.

In 2025, India’s growth marginally increased to 7.4% thanks to strong consumption, particularly from the rural sector, lower tax rates on goods and services, and export frontloading ahead of US tariffs.

India is expected to grow at a rate of 6.4% in 2026 and 6.6% the following year, according to the Economic and Social Survey of Asia and the Pacific 2026 report. The nation’s inflation rate is expected to be 4.4% this year and 4.3% in 2027.

Additionally, it referenced projections from the International Renewable Energy Agency (IRENA) that indicated there were approximately 16.6 million green jobs worldwide, with an estimated 0.8 million new jobs created annually between 2012 and 2024—a 7% annual growth. According to the report, India’s production-linked incentive program serves as an example of how macroeconomic policy can promote green industrial development by offering incentives for domestic production of solar photovoltaics, batteries, and green hydrogen. This reduces reliance on imports while generating new industrial beneficiaries who have a stake in maintaining the shift.

Leave a Reply

Your email address will not be published. Required fields are marked *