World Bank raises India’s GDP growth forecast to 10% in FY22

[Indos]

predictions,are not from.india but from neutral sources,like world bank or imf

it's,only normal that a GDP that shrank should rebound the following year..

india4@@ was always,going to go 3 trillion plus,in one year,post covid..
massive gdp no surprise,

Yup, from very low based growth last year. How about the prediction of this Q1 number ?

 

[lonelyman]

Sometimes I wonder why I engage with dumb idiots like you.

Fitch upgrades India’s FY22 GDP growth projection to 12.8%

RSS so proud of white's predictions, why do they want white servants?

Celebrate a fact, not someone's 'predictions'

Last 20 years, none of predictions about RSS India from west turns out true except becomes dictatorships under Modi.

 

[Hakikat ve Hikmet]

Why not 20%?!?!

The Indian analysts....

 

[Protest_again]

RSS so proud of white's predictions, why do they want white servants?

Celebrate a fact, not someone's 'predictions'

Last 20 years, none of predictions about RSS India from west turns out true except becomes dictatorships under Modi.

Lol. Please go take your turn in wiping the *** of your lord Xi Jinping. Don't waste my time.

 

[Leishangthem]

That's what happens when you keep a nation open with 100k+ daily covid case......acting like it's nothing,that way anyone can achieve growth.

 

[lonelyman]

Lol. Please go take your turn in wiping the *** of your lord Xi Jinping. Don't waste my time.

go *** licking modi, instead creating garbage here

 

[FairAndUnbiased]

50 cent army is getting burned.

50 cents is big money for an Indians. It's half their daily wages for 50% of the population.

 

[Protest_again]

50 cents is big money for an Indians. It's half their daily wages for 50% of the population.

Lol. 50% of Chinese too.

 

[GumNaam]

the imf reduced india's gdp growth nearly slashing it in half just in October last year. I gotta admit, there's something cooking between these two, there is some kind of a "good cop bad cop" deal festering between the imf and the world bank where they make total chootias out of people who take their projections seriously...

 

[Protest_again]

the imf reduced india's gdp growth nearly slashing it in half just in October last year. I gotta admit, there's something cooking between these two, there is some kind of a "good cop bad cop" deal festering between the imf and the world bank where they make total chootias out of people who take their projections seriously...

Lol.

IMF expects Indian economy to post 11.5% GDP growth in FY22

 

[Viva_Viet]

Private consumption and public investment will see the Indian economy likely growing by 10.1% in 2021-22 (FY22), the World Bank said, although, in a sign of all-around uncertainty caused by the Covid-19 pandemic, it said India’s economic growth in FY22 would be in the broad range from 7.5% to 12.5%.

The 10.1% is 4.7 percentage points higher than the World Bank’s previous estimate for India’s growth in 2021, and reflects the pace of the country’s recovery. However the Bank also expects the Indian economy to contract by 8.5% in FY21, higher than the government’s own estimate of 8%.

The International Monetary Fund (IMF) has projected India’s economy will grow by 11.5% over 2021 and 6.8% over 2022, painting a rosier picture.

“Given the significant uncertainty pertaining to both epidemiological and policy developments, real GDP (gross domestic product) growth for FY21/22 can range from 7.5 to 12.5%, depending on how the ongoing vaccination campaign proceeds, whether new restrictions to mobility are required, and how quickly the world economy recovers,” the World Bank said in a report titled “South Asia Vaccinates”.


Going forward, the report said, “the main risks to the outlook include the materialisation of financial sector risks, that could compromise a recovery in private investment, and new waves of Covid-19 infections.” It saw growth in the country at 6-7% in the medium term.

The Indian economy was already slowing ahead of the pandemic, but the disease and mitigation measures such as lockdowns deepened the crisis several times over, contracting output and shrinking spending and investments.

“In response to the Covid-19 outbreak, the authorities implemented a nationwide lockdown, which brought economic activity to a near standstill between April and June 2020 (Q1FY21),” the report said. Aviation and tourism, hospitality, trade, and construction, were the worst hit as well and industrial activity, overall, was also deeply disrupted. Agriculture, however, was mostly unaffected, it noted.

Acknowledging it is “not normal” to cite growth forecast in a range of numbers, World Bank’s Chief Economist for South Asia, Hans Timmer, told reporters: “We are in an unprecedented circumstance. Not just the hits (were) unprecedented, but also the character of the crisis was as we had never seen before.”

He added that certain sectors of the economy hat were hit were normally much more resilient, especially the services sector, domestic services. “It’s the informal sector. And as a result, we can’t rely really on the past on how this recovery will shape up.”

The report forecast growth for the South Asia region at 7.2% in 2021 and 4.4% in 2022.

Timmer said the second wave of infections in India “does not mean we go back to the situation a year ago.” “The next few months will be marked by the speed of the vaccine roll-out and the optimism it may bring to consumer spending and investments,” he added.

The report estimated “general government deficit to remain above 10%” till the end of FY22, numbers that are in sync with India’s estimate of fiscal deficit.

World Bank raises India’s GDP growth forecast to 10% in FY22

WB expects the GDP to contract by 8.5% in FY21, higher than govt’s estimate of 8%

www.hindustantimes.com

Thats true, more and more investors will quit CN and move to India due to CN-US trade war

 

[INDIAPOSITIVE]

Thats true, more and more investors will quit CN and move to India due to CN-US trade war

India, Vietnam to work closely on key issues for collaborative growth: Vietnam minister

India, Vietnam to work closely on key issues for collaborative growth: Vietnam minister

Indian Economic Conclave 2021: Vietnam's deputy minister of Foreign Affairs Nguyen Quoc Dung has suggested ways of working closely with India.

www.timesnownews.com

People-to-people exchanges help build lasting peace, says Vietnamese Ambassador to India Pham Sanh Chau

People-to-people exchanges help build lasting peace, says Vietnamese Ambassador to India Pham Sanh Chau

While flagging off a new programme to encourage Vietnamese students to come to India, ambassador Pham Sanh Chau spoke on sustainable solutions for peace in South Asia.

www.moneycontrol.com

 

[GumNaam]

Lol.

IMF expects Indian economy to post 11.5% GDP growth in FY22

it's a shady projection so don't get your hopes up. by all practical measures, it will most likely remain below the 2019 level which was not all too impressive to begin with.

 

[Andhadhun]

Why not 20%?!?!

The Indian analysts....

Meanwhile pakistan follows the chinese model.

Eating up all the sparrows due to rising prices.

https://twitter.com/x/status/1378959330150604802

 

[ToddBing]

Thats true, more and more investors will quit CN and move to India due to CN-US trade war

China’s foreign investment grows 14 percent in 2020