World Bank cuts India's growth forecast for FY22 to 8.3%
Darpan News Desk IANS, 08 Jun, 2021 04:20 PM
New Delhi, June 8 (IANS) The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.
"In South Asia, India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," said the World Bank's global outlook released on Tuesday.
The global economy, on the other hand is set to expand 5.6 per cent in 2021, its strongest post-recession pace in 80 years.
"This recovery is uneven and largely reflects sharp rebounds in some major economies -most notably the United States, owing to substantial fiscal support, amid highly unequal vaccine access," it said.
In many emerging market and developing economies (EMDEs), elevated Covid-19 caseloads, obstacles to vaccination, and a partial withdrawal of macroeconomic support are offsetting some of the benefits of strengthening external demand and elevated commodity prices, the report noted.
Globally, it also noted that following a 3.5 per cent contraction caused by the Covid-19 pandemic in 2020, economic activity has gained significant momentum. However, it remains well below pre-pandemic projections.
Moreover, the recovery is uneven, passing over many poorer countries, and there is considerable uncertainty about its durability, it added.
Drug inspector Neha Shoree, who was shot dead at her office in Kharar by an assailant, was among toppers in her entrance examinations at NIPER and later in her MSc (Pharmacy), too.
The rocket, PSLV-C45, injected the 436 kg EMISAT, aimed at electromagnetic measurement, and 28 co-passenger satellites belonging to Lithuania, Spain, Switzerland and the US, into their designated orbits, ISRO said.
A troll recently accused Minister of External Affairs Sushma Swaraj of not tweeting herself from her Twitter account. The troll said a PR person does the job and her witty comeback is winning the internet.
An Indian national has been stabbed to death and his wife injured in an attack by an immigrant near Munich in Germany, External Affairs Minister Sushma Swaraj tweeted on Saturday.
ethi, wife of 31-year-old Bhavye Suneja, told the Washington Post that January wasn't the first time when she pleaded with Lion Air and Indonesian authorities
