India’s GDP to grow at 7.5 to 12.5 per cent in FY 2021-22: World Bank

new Delhi: Even after the Corona crisis spread across the country, the World Bank has improved the GDP estimate. World Bank has forecast India’s GDP growth to increase from 7.5% to 12.5% ​​in the financial year 2021-22. The World Bank has given information about this in the report of South Asia Vaccinates. At the same time, according to the International Monetary Fund (IMF), India’s growth rate is estimated to be 11.5 percent in 2021-22.

According to the report, India’s growth rate is expected to be between 7.5% and 11.5% in 2021-22, but this growth rate will depend entirely on the vaccination of the corona. Along with this, the effect of the market boom will also be seen.

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Estimation of growth rate of other agencies->> Fitch – 12.8 percent
>> Moody’s – 12 percent
>> IMF – 11.5 percent
>> Care Ratings – 11-11.2 Percent
>> S&P – 11 percent
>> RBI – 10.5 percent

Economic activities were completely stopped
The report further said, ‘The biggest impact of lockdown was seen on tourism, trade, construction. At the same time, it had the least impact on the agricultural sector. In view of the growing cases of corona across the country, the central government had announced to put a lockdown across the country. It ran from March to June 2020, due to which economic activities were completely halted.

At the moment, the country’s economy is moving forward and reforms are also being seen, but once again the corona is spreading rapidly in the country. Let us tell you that the economy suffered a big setback last year due to the lockdown.

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The second wave of Corona has added difficulties. More than 56 thousand new cases were revealed yesterday. About 28 thousand new cases have been found in Maharashtra. The situation in Punjab, Gujarat, Karnataka, Tamil Nadu and Madhya Pradesh is also worrying. In such a situation, a lockdown has arisen in some places. Currently, the market has high expectations from the vaccine.

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