India is expected to grow at 7.2% in 2021 but economic growth could decelerate next year, according to a United Nations report which said the recovery in the country is constrained by the ongoing human and economic cost of the Covid pandemic and the negative impact of food price inflation on private consumption. The UNCTAD Trade and Development Report 2021, released here on Wednesday, sounded a cautiously optimistic note to say that the global economy is set for a strong recovery in 2021, albeit with a good deal of uncertainty clouding the details at the regional and country levels over the second half of the year.
World
Over 130,000 flee fearing volcano eruption on Bali tourist island
BALI (TIP): More than 130,000 people have fled the region around the Mount Agung volcano on the Indonesian tourist island of Bali, fearing it will soon erupt, according to an Associated Press report. . The […]
Business & Economics
Cristiano Ronaldo’s act wipes off $4 billion from Coca-Cola’s market value
A small gesture by star footballer Cristiano Ronaldo at a pre-match press conference — ahead of the Euro 2020 clash between Portugal and Hungary — has left a big dent in Coca-Cola’s market value. At […]
Sports News
Tokyo Paralympics: Paddler Bhavinaben Patel storms into final
Tokyo (TIP): Bhavinaben Patel continued to script history as she became the first Indian to enter the final of a table tennis event in the Paralympics with a hard-fought 3-2 win over China’s Miao Zhang […]
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