India GDP 2021

India GDP 2021 : World Bank states India’s GDP to grow at 8.3 %

India GDP 2021
Two minute reads :

As per the World Bank report, India’s GDP has been expected to grow at 8.3% in FY 2021-22.

The report predicts the economic growth in South Asian Countries to rebound stronger in 2021.

  • The forecast for India’s GDP is expected to be true only if supported by various welfare plans.
  • Economic growth in South Asian countries is expected to rebound to a stronger-than-expected 6.8 per cent in 2021 and India’s GDP is predicted to grow at 8.3 per cent, according to the latest World Bank report on global economy recovery post Covid-19 pandemic.
  • The global economy is set to expand by 5.6 per cent in 2021 – its strongest post-recession pace in 80 years.
  • “For India, GDP in fiscal year 2021/22 starting from April 2021 is expected to expand 8.3 per cent,”.
  • Activity will benefit from policy support, including higher spending on infrastructure, rural development, and health, and a stronger-than expected recovery in services and manufacturing.
  • The government announced that the health-related spending would more than double and set out a revised medium-term fiscal path intended to address the economic legacy of the pandemic.
  • March 31, the World Bank said India’s economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet.
India GDP 2021
Sustainable Development Index 2021
India GDP 2021

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