| Prelims: (Governance + CA) Mains: (GS 2 - International Institutions, Global Governance; GS 3 - Indian Economy, Growth & Development, Public Investment) |
The United Nations Department of Economic and Social Affairs (UN DESA) has projected that India will grow by 7.4% in the current financial year, driven primarily by strong domestic consumption and sustained public investment. The projection was made in a recently released UN DESA report assessing global and regional economic prospects amid persistent geopolitical uncertainties and uneven global recovery.
International multilateral institutions regularly assess India’s economic performance due to its role as:
India’s recent growth momentum has been supported by:
UN DESA’s projections add to global assessments by bodies such as the IMF and World Bank, reinforcing India’s position as a relative bright spot in the world economy.
The United Nations Department of Economic and Social Affairs (UN DESA) is the UN’s principal body responsible for advancing the development pillar of the United Nations.
UN DESA works to integrate the economic, social, and environmental dimensions of sustainable development.
UN DESA’s work addresses cross-cutting development challenges affecting livelihoods worldwide, with a focus on the most vulnerable.
UN DESA performs multiple critical functions within the UN system:
UN DESA is a leading source of authoritative global development assessments, including:
These reports are widely used by governments, researchers, and international institutions.
While the outlook remains positive, risks persist:
Addressing these challenges will be crucial to maintaining long-term growth.
India’s growth trajectory must balance economic expansion with inclusivity and sustainability, consistent with the UN DESA framework.
FAQs1. What is UN DESA ? UN DESA is a UN department responsible for advancing economic, social, and environmental dimensions of sustainable development. 2. Where is UN DESA headquartered ? It is based at the United Nations Headquarters in New York, USA. 3. Why is UN DESA’s projection for India important ? It reflects global confidence in India’s growth prospects and influences international economic assessments. 4. What are the main drivers of India’s projected growth ? Strong domestic consumption and sustained public investment. 5. Which major reports are published by UN DESA ? World Economic Situation and Prospects Report, World Social Report, and the SDGs Report. |
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