{"id":116328,"date":"2021-06-26T08:46:26","date_gmt":"2021-06-26T08:46:26","guid":{"rendered":"https:\/\/www.edristi.in\/?p=116328"},"modified":"2021-06-26T08:46:27","modified_gmt":"2021-06-26T08:46:27","slug":"global-economic-prospects-2021","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/global-economic-prospects-2021\/","title":{"rendered":"Global Economic Prospects, 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: With reference to the &#8220;Global Economic Prospect Report 2021&#8221; released by the World Bank Group in June 2021, consider the following statements&#8211;<br>(i) According to the report, the global economy is projected to grow by 5.6 percent in the year 2021.<br>(ii) According to this, India&#8217;s growth rate is estimated to be 8.3 percent in the year 2021.<br>(iii) India&#8217;s growth rate in the year 2020 was estimated at -9.6 percent.<br>Which of the above statement(s) is\/are correct?<br><\/strong>(a) only (i) and (ii)<br>(b) only (ii) and (iii)<br>(c) only (i) and (iii)<br>(d) all of the above<br><strong>Answer\u2014(a)<br>related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>&#8220;Global Economic Prospect Report 2021&#8221; released on June 2021.<\/li><li>This policy report of the World Bank Group presents an estimate of the medium-term prospects of the world economic system.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key points &#8212;-<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The world economy is experiencing an exceptionally strong but highly uneven recovery.<\/li><li>Global growth is set to reach 5.6 percent in 2021\u2014its strongest post-recession pace in 80 years\u2014in part underpinned by steady but highly unequal vaccine access.<\/li><li>Growth is concentrated in a few major economies, with most emerging market and developing economies (EMDEs) lagging behind: while about 90 percent of advanced economies are expected to regain their pre-pandemic per capita income levels by 2022, only about one-third of EMDEs are expected to do so.<\/li><li>India&#8217;s growth rate is estimated to be 8.3 percent in the year 2021.<\/li><li>Which is forecast to be 7.5 percent in 2022.<\/li><li>Whereas in the year 2020, India&#8217;s growth rate was estimated at -7.3 percent.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/openknowledge.worldbank.org\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/openknowledge.worldbank.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: With reference to the &#8220;Global Economic Prospect Report 2021&#8221; released by the World Bank Group in June 2021, consider the following statements&#8211;(i) According to the report, the global economy is projected to grow by 5.6 percent in the year 2021.(ii) According to this, India&#8217;s growth rate is estimated to be 8.3 percent in the [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":116329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-116328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/116328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=116328"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/116328\/revisions"}],"predecessor-version":[{"id":116330,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/116328\/revisions\/116330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/116329"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=116328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=116328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=116328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}