Global Economy is expected to increase by 4.7 percent in 2021, which will reduce the loss of 2020 slightly. Also, an increase of 5.9 percent has been projected for the next year.
The United Nations has said that India’s economy can grow at a rate of 7.3 percent in 2021, while it has a 9.6 percent contraction in 2020 due to the Corona virus epidemic and lockdown. Is estimated to be.
The report prepared by the United Nations Department of Economic and Social Affairs (UN DESA) – World Economic Conditions and Prospects 2021 states that the global economy was affected by the biggest crisis of the century due to the Kovid-19 epidemic in 2020. . 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. It has been estimated that the Chinese economy, which had registered a growth of 2.4 percent last year, but during this time, the growth rate of China has been estimated to be 7.2 percent .
According to the report, the Indian economy will decline at a rate of 9.6 percent in calendar year 2020. During this period, domestic consumption has come down due to the lockdown imposed to control the corona virus epidemic. Also Read: BSNL land to be sold to CBSE, merger with MTNL postponed
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. Also, an increase of 5.9 percent has been projected for the next year. The report said that the devastating socio-economic impact of the Kovid-19 epidemic will be felt in the coming years.
