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Indian economy - World Bank’s report
October 11 , 2021
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- The Indian economy is expected to increase by 8.3% in the fiscal year 2021-2022.
- This is as per World Bank’s report titled “Shifting Gears: Digitization and Services-Led Development”.
- In the next financial year, India’s economic prospects will be determined by its pace of vaccination against covid-19 and successful implementation of agriculture & labour reforms.
- India’s Gross Domestic Product (GDP) increased by 20.1% in the first quarter (April-June quarter) of the financial year 2021-22.
- In the first quarter of the financial year 2020-21, the GDP of India was contracted by 24.4% because of nationwide coronavirus lockdown.
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