Categories: Economy

UN ESCAP forcast India’s GDP for FY21 at 4.8%

The UN ‘Economic and Social Survey of Asia and the Pacific (ESCAP) 2020 forecast India’s GDP for FY21 at 4.8%. It also warned that the COVID-19 pandemic is expected to result in significant adverse economic impact globally. The title of the UN report ‘Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies’.

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India’s GDP growth for the fiscal year 2019-2020 was estimated at 5% and is forecast to slow down to 4.8% for the current fiscal 2020-21. Economic growth for the country could stand at 5.1% for the fiscal year 2021-22.

Important takeaways for all competitive exams:

  • 24th October has been celebrated as United Nations Day since 1948.
  • United Nations Headquarters in New York, USA.
  • Mr Antonio Guterres of Portugal is the Secretary-General of the United Nations.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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Sumit Arora
6 years ago

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