UN forecasts India's economy to grow 7.5% in 2021, but warns

UN forecasts India's economy to grow 7.5% in 2021, but warns situation 'fragile'


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The UN forecasts India's economy to grow by 7.5 per cent this calendar year and rebound to 10.5 per cent next year with the caveat that the outlook is "highly fragile" because of the brutal Covid-19 second wave.
 
The mid-year World Economic Situation and Prospects report released on Tuesday said that for a global recovery universal access to Covid-19 vaccine is critical but in India "access to vaccines is unequal and insufficient to meet the massive demand".
 
 
It noted that while "India has been particularly affected by a brutal second wave, which is overwhelming the public health system in large parts of the country", the country also "has expanded vaccine eligibility and is ramping up supply in every possible manner".

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