Indian economy will grow at 8.3% in 2021, says World Bank
NEW DELHI: Indian economy is expected to expand 8.3 per cent in fiscal year 2021-22, a report by World Bank projected on Tuesday.
In its latest issue of Global Economic Prospects, the Washington-based global lender said that even though the forecast has been revised up by 2.9 percentage points, its masks significant expected economic dge from the second wave of Covid-19.
Besides, it projected the global economy to grow 5.6 per cent this year, up from the 4.1 per cent it forecasted in January. It said that Covid vaccinations and stimulus given by various central go nments will power the fastest worldwide expansion in nearly five decades.
Here are some highlights from the report:
* In India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of FY2020-21, especially in services.
* With surging Covid cases, foot traffic around work and retail spaces has again slowed to more than one-third below pre-pandemic levels since March, in part due to greater restrictions on mobility.
At the end of 2021 bhakts will blame Covid and Nehru for not meeting the target.
They had predicted more than 12% at start of year. Now reduced to 8.3
It wad 12% few months back. Now 8.3%. Slowly they reduce so no one will be stressed.. Lets wait till year end.
Good news from WB. Whatever their predictions (down from 12.1 to 8.3), lets not get bogged down or be complacent, But ensure all are Vaccinated & come out of this “China Vir s” Pandemic ASAP.
Waiting for vaccines only. Need them quick.
Why not 12.3 ? Have you discussed the number with modi bhai ?
Economy mismanagement by the govt has pushed the country into abrupt poverty giving 80 crores people free ration till Diwali as announced by the PM shows the country is in mess todayCovid 19 is only an excuse for washing away their hands
nothing will grow but only poverty.
Compare to which year?
Who is buying so much pakodas?
India withstood the Tsunami like covid 2nd wave very bravely. The lockdown restrictions will be eased soon in all states. . Life will be in full swing again.
you are just day dreaming dear...please stay in reality...life in full swing won't happen in India soon don't trust me but facts
Yes by dum thousand of dead bodies in Ganga in UP and Bihar and allowing burial of Hindu dead bodies
India is becoming more wide in wealth parity between rich and poor and top among all nations under modi's rule.
per capita income is useless until its become parity
Now Pappu pessimistic brigade will start insulting world bank.
Anti-Bhakts lead by Rahul Gandhi are rejoicing the national pain. Nationalists, a large majority, like me are concerned and hate their rejoicing.
only possible, if one educated man substitutes this unpad uneducated man.
lets see, if this target is achievable . sounds like propaganda before UP ion....
Is the figure inflation inclusive or exclusive ..
First they said 12% now 8.3%
Unstoppable India. There shall always be a good news for Indians as they are all very special, near to nature, near to God.
Doing well India. Love my India.
The second wave caused 3% drop in projections.