UNCTAD Estimates India To Grow By 6% This Year Compared To 7.4% Last Year

The Trade and Development Report 2019 released by the UN Conference on Trade and Development (UNCTAD) says that India's growth rate for the current year is estimated to slow down sharply at 6% from last year's 7.4%. Growth projections for India have been marked down, because of a sharp fall to 5.8 per cent in the first quarter of 2019 (relative to the corresponding quarter of the previous year) (National Statistics Office, 2019). This continues a decelerating trend which began four years ago.

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