Economy to grow by 7.3 percent in 2021
The United Nations has said that India’s economy can grow at a rate of 7.3 percent in 2021, while it is expected to contract 9.6 percent in 2020 due to the corona virus epidemic and lockdown.
- January 26, 2021, 4:15 PM IST
Let us tell you that the report said that India’s economic growth is estimated to be 7.3 percent in 2021. With this, India will be the fastest growing country in the world in calendar year 2021. During this period, China’s growth rate has been estimated to be 7.2 percent.
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The global economy recorded a decrease of 4.3 percent in the year 2020According to the report, the Indian economy declined by 9.6 percent in calendar year 2020. During this period, domestic consumption was reduced due to the lockdown imposed to control the corona virus epidemic.
Last year, the global economy declined by 4.3 percent, which is more than two and a half times lower than the 2009 crisis. However, the report said that 4.7 percent increase is expected in 2021, which will reduce the loss of 2020 slightly. The report said that the devastating socio-economic impact of the Kovid-19 epidemic will be felt in the coming years.