Indian economy to grow at slower pace of 6.7 pc in 2012: UN

United Nations:India's economy will grow at a slower pace of 6.7 per cent in 2012 instead of a previous 7.7 per cent forecast, according to the United Nations, which warned that the euro area debt crisis will remain the biggest threat to world economy this year.In its World Economic Situation and Prospects mid-year update, the UN said the global economic situation continues to be challenging and global growth will likely remain tepid in 2012 following a marked slowdown in 2011. The global economy is projected to grow by 2.5 per cent in 2012 and 3.1 per cent in 2013, following a growth of 2.7 per cent in 2011, a slight downward revision from previous forecasts.