india manufacturing

India benefiting from growing interest from multinationals: UN report

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India is benefiting from growing interest from multinationals, which see it as an alternative manufacturing base in the context of developed economies’ supply chain diversification strategies, a flagship report by the UN has said, underlining that investment in the country remains strong. The ‘2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads … Read more

Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support

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Robust domestic demand and strong growth in the manufacturing and services sector will help sustain growth in India in 2024 despite global headwinds, the UN said Friday. In its World Economic Situation and Prospects 2024 report, the UN projected the Indian economy to grow 6.2% in 2024, slightly lower than the 6.3% estimated for 2023. … Read more