UNCTAD projects Indian economy to expand 7.2% in 2021
The United Nations Conference on Trade and Development (UNCTAD) has pegged India’s economic growth rate to hit a four-year high of 7.2 percent for 2021 against a contraction of 7 percent in 2020.
The UNCTAD has pegged India’s economic growth rate as follows, in its Trade and Development report released on September 15, 2021:
- Calendar Year (CY) 2021 – 7.2%
- Calendar Year 2022 – 6.7%
India’s economy shrank by 7 percent in Calendar Year 2020.