Recently, several rating agencies, including Nomura, have cut the growth rate of the Indian economy. According to a United Nations report, India’s economy will grow at a growth rate of 7.5% this year. The United Nations has increased its previous estimate of 0.2 percent. India is currently badly affected by the second wave of corona. This has resulted in locking in various states of the country and halted economic activity.
According to the UN, India’s economy will grow by 10.1 per cent in 2022. The UN said in its report, ‘India is currently affected by the second wave of corona. The vaccine system is not being repeatedly expanded.
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Global economic growth forecasts have been raised to 5.4 per cent
The United Nations on Tuesday revised its forecast for global economic growth to 5.4 percent from 2021, as the economy of China and the United States rebounded rapidly. However, the United Nations has warned that the reform process may be hampered in many countries due to the increase in Covid-19 cases and inadequate availability of vaccines.
The United Nations had previously seen an increase of 4.7 per cent in January, but the ‘Mid-2121 World Economic Situation and Future Report states that some of the largest economies, led by the US and China, are highly vaccinated and have contributed to the rise in global trade. Hui. The United Nations has warned that it is not enough to improve the rest of the world, and that the economic outlook of South Asia, Sub-Saharan Africa and Latin America is uncertain.