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.
Perspective
The Republic of India
Every year Republic Day is celebrated in India on 26th January with zeal and enthusiasm. Spectacular parades at Janpath, New Delhi, consisting the Indian National Army and national flag hoisting in various parts of the […]
Breaking News
Toyota won’t donate to election objectors after company was targeted by anti-Trump PAC in ad
WASHINGTON (TIP): The announcement came after an anti-Trump PAC said it would target companies that donated to lawmakers who refused to certify the election. The decision backtracks on Toyota’s previous donation stance. Toyota Motor Corp. […]
Business & Economics
Singapore Airlines to get 25.1% stake in Air India Group
Singapore Airlines’ (SIA) deal with Tata Sons will inject a further $267 million into Air India. It will give SIA a 25.1% stake in the Air India Group following its takeover by Tata and merger […]
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