India remains the fastest growing economy, and she chose China, the United States, and the European Union: the United Nations Report

India will remain the fastest growing economy in the world, according to the United Nations (United Nations). In the mid -year report on the global economic situation and its prospects (WESP) issued by the United Nations, the Indian economy is expected to witness 6.3 percent growth in the current fiscal year, amid a difficult global economic scene.

The report indicated that India’s economic performance emerges compared to other major economies. Expectations indicate that China will grow by 4.6 %, the United States by 1.6 %, Japan by 0.7 %, and the European Union by 1 %. Germany is expected to face -0.1 % negative growth.

However, growth estimates have been reviewed to 30 basis points compared to previous numbers. This amendment reflects the slowdown expected growth in the global economy, and is attributed to the escalation of trade tensions and uncertainty in politics.

WESP recently reviewed its dropping of 2026 down by 30 basis points to 6.4 percent. Despite this amendment, India is still one of the fastest growing major economies, thanks to fixed consumption and government expenditures. The update from the United Nations Economic Status and its 2025 Economic Power Report and its Horizons for 2025 a cautious view of global economic conditions, noting the increase in trade tensions and uncertainty in politics.

According to the report, strong special consumption, strong public investment and the export of strong services will be major engines for economic growth.

“While the tariff that rises on the horizon in the United States, it can limit the exports of goods, the currently exempt sectors – such as medicines, electronics, semi -conductors, energy, and copper – can limit economic effect, although these exemptions may not be permanent,” the report added.

The report highlighted that in India, the labor market suffers from fixed levels of unemployment due to the consistent economic conditions. However, the presence of persistent gender conflicts in employment indicates an urgent need to increase inclusiveness in the work of the workforce.

Job data in India

According to government data issued on Thursday (15 May 2025), the unemployment rate in the country, which was calculated on a monthly basis for the first time, was recorded by 5.1 % in April this year.

The Ministry of Statistics and the implementation of the program provided a monthly periodic workforce survey (PLFS) to monitor the largest percentage of unemployed individuals within the actual qualified workforce.

Previously, the workforce survey was released only every three months and a chapter. The latest data from the current weekly case (CWS) revealed a 5.1 % unemployment rate in April 2025 for individuals of all age groups.

The unemployment rate among men remained slightly high by 5.2 %, slightly exceeding the rate of women by 5 %. Unemployment was recorded among individuals between the ages of 15 and 29 years by 13.8 % worldwide, as urban areas witnessed a higher rate of 17.2 % compared to rural areas by 12.3 %.