Updated Jan 26, 2021 | 12:00 IST
United Nations Department of Economic and Social Affairs said the world economy was hit by a once-in-a-century crisis a Great Disruption unleashed by the COVID-19 pandemic in 2020 Indian eco estimated to grow at 7.3% in 2021: UN  |  Photo Credit: Thinkstock
India s economy is projected to grow at 7.3 per cent in 2021, even as it is estimated to contract by 9.6 per cent in 2020 as lockdowns and other efforts to control the COVID-19 pandemic slashed domestic consumption, the UN has said.
The World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UN DESA), said the world economy was hit by a once-in-a-century crisis a Great Disruption unleashed by the COVID-19 pandemic in 2020.
India s economy is estimated to have contracted by 9.6 per cent in 2020 due to the coronavirus pandemic.Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic Situation and Prospects .
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