♦ India’s economy is projected to grow by 6.5% in 2025, the United Nations Conference on Trade and Development (UNCTAD) report said.
♦ India was listed among the countries that are propelling growth with higher government expenditure and monetary policy stimulus in the report titled ‘Trade and Development Foresights 2025.
♦The report projected China’s growth rate at 4.4 percent, while the US economy is expected to grow at 1 percent.
♦ The growth for the European Union has also been projected at 1 percent, although France, Germany and Italy are all expected to record below 1 percent growth.
♦ Similarly, Japan’s economic growth rate is expected to come down to a mere 0.5 percent.