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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