The UN expects India’s GDP to rise by 7.5 percent in 2021, but the future is bleak due to Covid.


The United Nations has lifted India’s growth forecast for calendar year 2021 to 7.5 percent, up 0.2 percent from January’s forecast, but warns that the country’s outlook for the year remains extremely fragile.

According to the World Economic Situation and Prospects survey, rising Covid-19 infections and insufficient vaccine progress in many countries pose a threat to a broad-based recovery of the global economy.

According to the UN survey, the nation has increased vaccine eligibility and is increasing supply in every way practicable, but vaccine access is inequitable and inadequate to satisfy the huge demand. “India’s growth forecast in 2021 is extremely fragile, given the volatile situation,” it said.

Following a sharp recession of 3.6 percent in 2020, the global economy is now expected to grow by 5.4 percent in 2021, representing an upward revision from UN projections issued in January.

According to the study, many countries’ economic production will only rebound to pre-pandemic peaks in 2022 or 2023.