Categories: Economy

World Bank Projects Indian Economy to Contract By 9.6% in 2020-21

World Bank has projected the Indian economy to contract by 9.6 per cent in the fiscal year 2020-21, in its Global Economic Prospects report. World Bank estimates Growth to recover to 5.4 per cent in 2021.

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

Apart from this, the global economy is estimated to expand by 4 per cent in 2021 by the World Bank. According to the report, global growth is projected to moderate to 3.8 per cent in 2022.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Exercise Desert Cyclone II Begins: India–U.A.E. Joint Military Exercise

India and the United Arab Emirates continue to strengthen their defence partnership with the conduct…

13 mins ago

Jharkhand Clears Landmark Law for Gig Workers Welfare

Jharkhand has taken a pioneering step in labour reforms with the approval of the Jharkhand…

46 mins ago

Which Fish is known as the King of Indian Rivers?

Rivers in India are full of life and support many kinds of freshwater fish. Some…

56 mins ago

Pulitzer Prize Winning War Correspondent Peter Arnett Dies at 91

Pulitzer Prize winning journalist Peter Arnett, one of the most influential war correspondents of the…

2 hours ago

India–Oman CEPA Signed to Boost Trade and Investment

India and Oman have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone…

2 hours ago

What was the Old Name of China? Know the Name and Its Meaning

China is one of the oldest countries in the world, with a history that goes…

2 hours ago