India, April 17 -- Slower economic growth for third consecutive year; India's growth expected to be marginally lower than 2023

Global trade dynamics are expected to remain sluggish in 2024, United Nations Conference on Trade and Development (UNCTAD) has warned. The trade agency has alerted of a deceleration in growth for the third consecutive year in a new report.

UNCTAD had projected slower global economic growth in 2023, but the risks that threatened this growth did not entirely materialise. Countries such as China, India, Indonesia, the USA and the Russian Federation, among others, "escaped financial trouble" that had loomed earlier in the year.

The report stated that the world economy grew by 2.7 per cent, a 0.2 per cent increase f...