UNCTAD estimates Indian GDP to 5% in 2021
The UN Conference on Trade and Development (UNCTAD) has estimated that the Indian GDP will be contract by 6.9 % in 2020.
- But, UNCTAD also predicts that India’s GDP forecast to set a “stronger recovery” in the Financial Year 2021 and will increase by 5 per cent.
- Apart from this, UNCTAD estimates the global economy to increase by 4.7 per cent in FY 2021.
About UNCTAD –
Headquarters: Geneva, Switzerland
Founder: United Nations General Assembly
Founded: 30 December 1964