World Bank cuts India's growth forecast for FY22 to 8.3%
Darpan News Desk IANS, 08 Jun, 2021 04:20 PM
New Delhi, June 8 (IANS) The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.
"In South Asia, India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," said the World Bank's global outlook released on Tuesday.
The global economy, on the other hand is set to expand 5.6 per cent in 2021, its strongest post-recession pace in 80 years.
"This recovery is uneven and largely reflects sharp rebounds in some major economies -most notably the United States, owing to substantial fiscal support, amid highly unequal vaccine access," it said.
In many emerging market and developing economies (EMDEs), elevated Covid-19 caseloads, obstacles to vaccination, and a partial withdrawal of macroeconomic support are offsetting some of the benefits of strengthening external demand and elevated commodity prices, the report noted.
Globally, it also noted that following a 3.5 per cent contraction caused by the Covid-19 pandemic in 2020, economic activity has gained significant momentum. However, it remains well below pre-pandemic projections.
Moreover, the recovery is uneven, passing over many poorer countries, and there is considerable uncertainty about its durability, it added.
Giving information about the cases of black fungus, Kejriwal said nearly 944 cases of black fungus have been reported in Delhi, of these nearly 300 patients are being treated in various Central government-run hospitals here.
In the Monday meet Congress state president Sunil Jakhar met the committee constituted by party president Sonia Gandhi comprising of Mallikarjun Kharge, JP Aggarwal and General Secretary In charge of the state Harish Rawat.
Located primarily in Pune, Raipur, and Mumbai - Cuddles Nutrition Centers are active in 33 hospitals across India including TATA Memorial Hospital in Mumbai, AIIMS in Delhi, amongst others.
The firefight at Sopore was the second encounter that erupted in Kashmir in less than 12 hours after an exchange of fire between between terrorists and security forces at Ganapora area of Shopian district in south Kashmir earlier on Friday.
Deputy Commissioner of Police, Shahdara, R. Sathiyasundaram said that Vivek Vihar police station personnel arrested the two fraudsters -- Ritik Kumar Singh, of Bihar's Ara district and Sandeep Panday, a resident of Uttar Pradesh's Ghazipur -- who used to make promises to provide oxygen cylinder at doorsteps, received money through digital transactions, and then, disappeared.
On the 130th day, the cumulative Covid vaccination coverage stood at 20,06,62,456 doses, including 15,71,49,593 first doses and 4,35,12,863 second doses, as per data available at 7 a.m. on Wednesday. India is the second country after the US, which took 124 days, to achieve this level.
