Prime Time Zone, Webdesk: The World Bank has forecast India’s growth rate to be 10.1 percent for the 2021-22 fiscal year. This is much higher than the 5.4 per cent expected in January this year. Improved livelihood performance, priority given to infrastructure in the central budget, and accelerated distribution of corona vaccine domestically will contribute to this growth.
The trend will revive domestic demand, the World Bank said in a South Asian economic report released on Wednesday. It expects the country’s GDP to grow positively from -9.6 per cent to 8.5 per cent for the entire financial year 2020-21, as recovery is accelerating between July-December last year and recovery in private consumption and investment.
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