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UNCTAD estimates Indian GDP to 5% in 2021

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

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