The World Bank has forecast that the Indian economy will grow by 8 percentage points in the current financial year.
World Bank and India’s economic growth.
Corona impacts have caused massive economic stagnation around the world. Among them, South Asia is also affected
In this context, the World Bank released a report on the international economic benefits for this month yesterday (Tuesday).
Indian economy badly affected by 2nd wave of corona.
The World Bank reports that the Indian economy has been badly affected by the second wave of the corona epidemic.
The gap between the corona epidemic and the return to normal is nearing completion. Thus, GDP by 2022 is expected to be 9 percent lower than it was before the corona epidemic.
GDP growth is projected to be 8.3 percent.
However, in India, GDP growth is projected to be 8.3 per cent in the current fiscal 2021-22.
India is projected to reach this growth stage with plans to spend more on infrastructure, rural development and sanitation.
The World Bank said the world economy would grow at 5.6 percent this year, the strongest in 80 years.