India, Jan. 24 -- The year 2021 is the year of 'change' as the world prepares itself to battle the unprecedented challenges posed by the Covid-19 pandemic. According to a report released by World Bank in June last year, the global economy plunged into a recession, last experienced during World War 2! Earlier this month, National Statistical Office, Ministry Of Statistics & Programme Implementation, Government Of India released a press note on 'First Advance Estimates Of National Income 2020-21'.

According to this report, the GDP for FY 20-21 would shrink to minus 7.7 % with the manufacturing sector witnessing a significant contraction of 9.4%, while the agriculture sector is expected to witness a growth of 3.4% in FY 20-21. According to ...