India's economy projected to record stronger recovery in 2021: UNCTAD
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India's economy, estimated to contract by 6.9% in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5%, according to a UN report which said the country's current fiscal year budget points to a shift towards demand-side stimulus, with an uptick in public investment. The report, 'Out of the frying pan …Into the fire?' published Thursday as an update to the Trade and Development Report 2020.
