K-shaped economic growth for india
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India, April 7 -- The Indian economy is growing after the lockdown that halted all economic activities was lifted but the growth story remains a mystery. The Economic Survey projected it at 11 per cent, Reserve Bank of India (RBI) at 10.5 per cent, International Monetary Fund (IMF) at 11.5 per cent, World Bank in a wide range of 7.5-12.5 per cent and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) puts it at 7 per cent over a contraction of 7.7 per cent through 2020.
According to the ESCAP report 2021, India entered the pandemic-induced lockdown with subdued Gross Domestic Product (GDP) growth and investment. It states: The pace of recovery further moderated in the fourth quarter of 2020-21 with estim...
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