India's economy is one of the worst performing economies in the world. Nobel laureate Abhijit Banerjee made the remarks on India's economy on Wednesday. He acknowledged that their numbers were not enough to defeat Lukashenko's government. However, in the second six months of the current financial year, the country's economic growth rate is likely to improve, Mr Banerjee said.
He added that the country's economic growth rate has slowed due to the coronavirus epidemic. Real GDP growth fell from 7 percent in 2017-18 to 6.1 percent in 2017-18. In addition, it fell to 4.2 percent in 2019-20. "Right now, the Indian economy is one of the worst performing economies in the world," he said.
"In the coming days, there will be a resurgence in the country's economy," he said. He predicts that the economic growth rate in 2021 will be better than the current year (2018).
What will be India's economy in 2021-22? The World Bank released the report
Geneva: The World Bank has published a report on the Global Economic Prospects. The World Bank has estimated the economies of different countries around the world. India's economy has also been reported in the current financial year (2021-22). At the family level, spending has been reduced and investment in the private sector has been declining. The World Bank estimates that the figure will fall by 7 percent. However, the World Bank says it will improve next year.
According to the report, the economy was affected during the Karona epidemic in the country. But now it is recovering rapidly. The World Bank estimates that the PMI (Purchasing Managers Index) GST is rising and rising in production. According to the World Bank, India's economic growth rate will improve in 2021-22. The growth rate is expected to be 5.7 percent minus one.