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UNCTAD projects India’s GDP at -5.9% in 2020

Sumit Arora Published On September 24th, 2020 Leave a comment

United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by 5.9% in the year 2020. For the year 2021, UNCTAD projects the Indian economy to grow by 3.9%. The projection was made in its Trade and Development Report 2020.

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The baseline scenario is a sharp recession in 2020 as the stringent lockdown measures, to prevent the spread of the virus have halted, many productive activities across the country.

Important takeaways for all competitive exams:

UNCTAD Headquarters location: Geneva, Switzerland.
UNCTAD Head: Mukhisa Kituyi.
UNCTAD Founded: 30 December 1964.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.