World Bank projects India to grow at 8.3 per cent in 2021

The World Bank has projected India’s economy to grow at 8.3 per cent in 2021 and 7.5 per cent in 2022. The Washington-based global lender, in its latest issue of Global Economic Prospects released, noted that in India, an enormous second COVID-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of the Fiscal Year 2020/21, especially in services. The World Bank said, in 2023, India is expected to grow by 6.5 per cent.

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