India could regain status of world’s fastest-growing economy this year: Report
A recent report has said that India’s economy should be back to life in 2021 after a recession induced by COVID-19 and allow the country to reclaim its status as the fastest-growing major economy if the OECD projection of 12.6 per cent expansion in GDP is realized.“India’s economy plunged into recession for the first time in nearly a quarter of a century. However, it recorded a rise in GDP of 0.4 per cent in the final three months of 2020, ending its recession. For 2020 as a whole, the Indian economy contracted by about 7 per cent,” the report by CNN Business said on Tuesday.India’s gross domestic product is projected to expand by 12.6 per cent during the country’s fiscal year starting in April, according to a forecast released by the Organization for Economic Cooperation and Development (...