Poket News

Global and India output set to expand in 2021-2022, says World Bank

 

  • Global economic output is projected to grow by 4% in 2021 assuming widespread roll-out of a COVID-19 vaccine throughout the year, as per the World Bank’s Global Economic Prospects (GEP) report released on 5 Jan.
  • This projection is still 5% below pre-pandemic levels. 
  • India is expected to grow at 5.4% in fiscal year 2021/22 and 5.2% in fiscal 2022/23 after an expected contraction of 9.6% in fiscal 2020/21.