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India’s GDP growth rate to be 8.3 percent in 2021: World Bank
World Bank has released India’s GDP growth forecast for the year 2021. The World Bank has said that the Indian economy is expected to grow at 8.3 percent in the year 2021. Earlier, the World Bank had said that the Indian economy will grow at the rate of 10.1 percent in the financial year 2021-22. The Reserve Bank of India has estimated India’s GDP to grow by 9.5 percent in the financial year 2021-22. He said that the recovery in the Indian economy was very strong before the big wave of Kovid-19. In a report released by the World Bank
India’s economic growth rate to be 11.5 percent in 2021: IMF
International Monetary Fund (IMF) has projected India’s economic growth rate to be 11.5 percent in 2021. India is the only country in the large economies among the Coronavirus epidemic (Covid-19) whose economic growth rate will be in the double digits this year. The IMF has forecast growth in its latest world economic scenario released on 26 January 2021. This explains the rapid revival in the economy. In the year 2020, due to the epidemic, it is estimated to fall by eight per cent. The Indian economy is expected to recover significantly in FY 2021. The International Monetary Fund (IMF) has
India becomes the world’s sixth largest economy
According to the annual report published by the Center for Economics and Business Research (CEBR) on December 26, 2020, by the year 2025, India can become the 5th largest economy in the world. India had become the 5th largest economy in the world, surpassing the United Kingdom in 2019, but has dropped back to sixth place in the year 2020. India will now overtake England by the year 2025, and India is also predicted to become the world’s third-largest economy by the year 2030. The UK-based think tank, CEBR, has also predicted that China will overtake the US by 2028,
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