Washington: World Bank ( World Bank President) David Malpas ( David Malpass ) is in a position to overcome come Indian economy crisis hit that Kovid -19 pandemic said Wednesday the World Bank welcomes it.
'India recovering from Kovid crisis'
Malpas also said that the Indian economy in the organized sector ( Indian Economy has been able to integrate more people) and face the great challenges of increasing income of the people. India has made some progress in this direction but it is not enough. Malpas said, 'Indians have suffered a lot due to the wave of Kovid and it is unfortunate. They have tried to deal with it with huge production of vaccines and also increased vaccination efforts. But we on the economy and especially the unorganized sector ( Unorganized Sector has had that effect on), will find it. "
India is getting affected by inflation
Last week, the World Bank had projected the Indian economy to grow at 8.3% this year. World Bank ( World Bank President) Malpas having said, "The Indian economy recovers, and we welcome it. It has overcome the latest wave of Kovid. It's a good thing. India, like other countries, is now disrupted supply chains and increasing world inflation (I Nflation is affected).
IMF also gave good signs
On Tuesday, the International Monetary Fund ( IMF ) gave good news for the Indian economy. The IMF had projected the growth rate of the Indian economy to grow at 9.5 percent this year. Along with this, it was said by the IMF that in the next year i.e. 2022, the growth rate can increase at the rate of 8.5 percent. Let us tell you, due to Corona, there was a decline of 7.3% in the country's economy during the financial year 2020-21.