UN projects Indian economy to grow at 7.3% in CY-2021

India’s economic growth is forecast to be 7.3 per cent in the Calendar Year 2021 by the UN. The Indian economy is estimated to contract by 9.6 per cent in the Calendar year 2020, as per the World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UNDESA).

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In addition to this, the global economy is estimated to shrink by 4.3 per cent in 2020. The UN has estimated the Global GDP to recover to 4.7 per cent in 2021.

Important takeaways for all competitive exams:

  • United Nations Department of Economic and Social Affairs Headquarters location: New York, United States.
  • United Nations Department of Economic and Social Affairs Head: Liu Zhenmin.
  • United Nations Department of Economic and Social Affairs Founded: 1948.

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