Categories: Economy

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).

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

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.

Find More News on Economy Here

Sumit Arora

Recent Posts

World’s AIDS Vaccine Day 2024: Date, Theme, History and Significance

World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…

16 hours ago

Coal India, NMDC, ONGC Videsh Seek Overseas Critical Mineral Assets

The Indian government has announced plans for public sector companies like Coal India, NMDC, and…

18 hours ago

India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens

In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…

18 hours ago

DPIIT Reports Over 7 Million Transactions on ONDC Platform in April

The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…

18 hours ago

SBI Raises Short-Term Retail Fixed Deposit Rates Amidst Economic Shifts

In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…

18 hours ago

Indian Army Set to Receive Russian Igla-S Air Defence Systems

The Indian Army is poised to elevate its air defense capabilities with the impending delivery…

19 hours ago