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As India Battles Covid, World Bank Forecasts Growth at 8.3 Percent


UNITED NATIONS — The World Bank has forecast that the Indian economy would grow by 8.3 percent during the current fiscal year, an increase of nearly 3 percent from its January projection, but lower than the April estimate by almost 2 percent.
The Bank s Global Economic Prospects Report released June 8 said that India would be the second fastest-growing major economy, behind only China which is forecast to grow by 8.5 percent.
The report said that India s growth forecast is supported by plans for higher spending on infrastructure, rural development, and health, and a stronger-than-expected recovery in services.
But it added, Better growth prospects since January, however, masks significant damage to economic activity from COVID-19. ....

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The Global Vaccination Effort Is Still Undercut by Deep Inequalities


The Global Vaccination Effort Is Still Undercut by Deep Inequalities
Intelligencer
1 hr ago
Matt Stieb
© Hindustan Times via Getty Images
A drive-in vaccination site in New Delhi, India. Hindustan Times via Getty Images
The pandemic is receding in the United States, where on Sunday, less than 10,000 Americans tested positive for the coronavirus the first time the four-figure mark has been breached since March 22 of 2020. With half of the U.S. population receiving at least one vaccine dose, most states are planning a full reopening within the next month. “Every day, the light at the end of that tunnel is growing brighter,” President Joe Biden said earlier this month, on the successes of the American vaccination effort. ....

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