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India Projected to Grow at 10 1% in 2022 but Outlook for 2021 Highly Fragile: UN

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN News18 3 days ago News18 © Provided by News18 India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was “highly fragile” as the country was the “new hotbed of the pandemic.” The United Nations, in its mid-year update of the World Economic Situation and Prospects (WESP) which was first released in January 2021, projected that the Indian economy would grow at 10.1 per cent in the calendar year 2022, nearly double the 5.9 per cent growth forecast for the country in the January report.

India Projected To Grow At 10 1% In 2022 But 2021 Outlook Highly Fragile: UN

India is forecast to grow at 10.1 per cent in 2022, the United Nations said. (Representational) United Nations: India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was highly fragile as the country was the new hotbed of the pandemic. The United Nations, in its mid-year update of the World Economic Situation and Prospects (WESP) which was first released in January 2021, projected that the Indian economy would grow at 10.1 per cent in the calendar year 2022, nearly double the 5.9 per cent growth forecast for the country in the January report.

Vaccine inequity posing significant risk to global economic recovery: UN report

The United Nations Although the outlook for global growth has improved, the ongoing impacts of the COVID-19 pandemic, as well as inadequate progress on vaccination in poorer countries, are putting recovery at risk, according to the latest UN economic forecast, published on Tuesday. The World Economic Situation and Prospects (WESP) mid-year report warned widening inequality is threatening global growth, projected at 5.4 per cent this year. Vaccine access critical “Vaccine inequity between countries and regions is posing a significant risk to an already uneven and fragile global recovery”, said UN Chief Economist Elliott Harris. “Timely and universal access to COVID-19 vaccinations will mean the difference between ending the pandemic promptly and placing the world economy on the trajectory of a resilient recovery, or losing many more years of growth, development and opportunities.”

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