World Bank warns of substantial uncertainty beyond 2021. Growth in low-income nations is expected to be the second-slowest of the past 20 years, held back by lack of access to vaccines.
The success of South Asian nations in containing Covid caseloads and a combination of fiscal and monetary policy support helped improve the region's economic outlook.
The report noted that the Covid shock will lead to a long-lasting inflexion in India's fiscal trajectory, and the general govt deficit is expected to remain above 10% of GDP until FY22.
Conducted in partnership with Save Life Foundation, the study was released virtually by Union Road Transport and Highways Minister Nitin Gadkari Saturday.
According to the Africa Centres for Disease Control, the cost of vaccinating 60 per cent of Africa’s 1.3 billion people would be between $10 billion and $15 billion.
The World Bank said the data changes were 'irregular' because they were made outside of the appropriate review process and were not justified by the publication’s methodology.
Congress' tweet came two days after World Bank released report saying Covid-related school closures risk pushing 72 mn primary school children into learning poverty.
Policy makers are hoping for a buy-in from China, the world’s largest official creditor owning almost 60% of bilateral debt that the poorest nations were due to repay this year.
In ‘Portraits of Power’, economist and former civil servant N.K. Singh writes about his decades of working with India’s top bureaucrats and prime ministers.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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