
World is expected to grow at 5.9% in 2021 and 4.9% in 2022, according to the World Economic Outlook update

Since the covid curbs have been lifted, Indian economy has made a strong comeback, with a majority of economic indices showing signs of improvement

Since March 2020, the RBI has kept the repo rate at 4%, due to its focus on supporting the economy

A gradual fiscal consolidation will further boost the sentiment, say analysts

In the financial sector, the introduction of Insolvency and Bankruptcy Code has led to resolution of stressed assets worth Rs 2.4 lakh crore

Indian manufacturers increased production in September as they prepared for improved demand and stock replenishment

Experts have said swift vaccinations can allow the economy to overcome the pandemic woes.

Chief Economic Advisor Krishnamurthy Venkata Subramanian, is confident in India's economic potential and stated that he expects India's GDP near 7%.

In the meeting, the officials highlighted the upward movement of the growth in GDP in June 2021 and also the fiscal deficit and borrowing numbers

The agency has revised up its GVA growth estimate for agriculture, forestry and fishing to 3% each in thesecond and third quarters of the current year