♦ According to the UN, India remains the fastest-growing large economy and is expected to record a 6.3 percent growth this fiscal year (2025-26), while the global economy faces a “precarious moment”.

♦ The UN’s mid-year update of the World Economic Situation and Prospects (WESP) report said India’s economy is projected to grow a tad faster next year at 6.4 per cent, even though it is also 0.3 percent lower than the January projection.

♦ The projection for China is 4.6 per cent, for the US 1.6 percent, Germany (negative) -0.1 percent, Japan 0.7 percent, and the European Union 1 percent.