New Delhi, April 18 -- According to reports from the United Nations, India's remarkable economic growth trajectory is poised to persist, with projections indicating a 6.5 per cent expansion in 2024, solidifying India's position as the fastest-growing major economy worldwide.

The UN Conference on Trade and Development (UNCTAD) report, released on Tuesday, underscores the increasing trend of multinational corporations extending their manufacturing operations to India, capitalising on the country's strategic position as an alternative manufacturing base.

This diversification of supply chains is expected to positively impact Indian exports, while moderating commodity prices are anticipated to benefit the nation's import bill.

Notably, the...