India s GDP to grow 7.5 pc in 2021, outlook fragile: UN ANI | Updated: May 12, 2021 11:29 IST
Washington DC [US], May 12 (ANI): The United Nations has raised India s growth forecast to 7.5 per cent for calendar year 2021, marking a 0.2 per cent increase from its projection in January, but said the country s outlook for the year remains highly fragile.
The surging Covid-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, said the World Economic Situation and Prospects report.
It also projected India s GDP to grow by 10.1 per cent in 2022. India has been particularly affected by a brutal second wave which is overwhelming the public health system in large parts of the country.