India

India’s growth rate expected to increase by 7.2 per cent: UNCTAD

India’s growth rate is expected to grow by 7.2 per cent in 2021. But economic growth will slow next year. This is because the Corona epidemic will have a negative impact and food inflation will have a negative impact on private consumption. The UNCTAD (United Nations Conference on Trade and Development) Trade and Development Report 2021 has been released on Wednesday. It says the global economy is poised for a strong recovery in 2021.

According to the report, India’s economic growth rate in 2022 will be 6.7 per cent, which is lower than the country’s expected growth rate for 2021. But despite a slow growth rate of 6.7 per cent, India will continue to be the fastest growing major economy in the world next year. The report says, “India experienced a growth rate of 7.0 per cent in 2020. Since then, the country has grown at a strong 1.9 per cent in the first quarter of 2021. ”

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World production is expected to grow by 5.3 per cent

The United Nations Conference on Trade and Development expects global output to grow by 5.3 per cent this year after the global growth rate slowed to 3.5 per cent by 2020. This will partially recover the losses incurred in 2020.

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