United Nations, May 17 : The UN said on Tuesday that "with many positives", India's economic growth this year is expected to hold at 5.8 per cent, affirming a series of international organisations' projections that the country will be the fastest-growing major economy.

The Midyear Update to the UN's World Economic Situation and Prospects report projected next year's gross domestic Product (GDP) to hold at 6.7 per cent "supported by resilient domestic demand".

Speaking at the release of the report, the chief of the UN's Global Economic Monitoring Branch, Hamid Rashid, said that India continues to be "the bright spot" in the world economy with "many positives, including [that] the inflation has come down significantly" to about 5.5 per cent.