Motorists are urged to take alternative streets
uae10 hours ago
ndia on Friday forecast its pandemic-stricken economy would grow by 11 percent in the 2021-22 financial year after a 7.7 per cent contraction this year.
The prediction in the government’s annual economic survey backs an International Monetary Fund forecast that India will grow 11.5 per cent in the next financial year.
Officials said there would be a ‘V-shaped’ recovery after the biggest economic decline in more than four decades.
The forecast was released ahead of the announcement of the government budget on Monday.
“After experiencing a sharp contraction of 23.09 per cent in the first quarter of 2020-21, India is expected to be the fastest growing economy in the next two years,” said Krishnamurthy Subramanian, the government’s chief economic adviser.
The country of 1.3 billion people has been the world’s second worst hit country in the coronavirus pandemic, with 10.5 million infections.
But reported new cases have fallen dramatically in recent weeks and authorities hope the economy will be boosted by a major vaccination drive that started this month.
Motorists are urged to take alternative streets
uae10 hours ago
UAE’s Alblooshi and Sood in pursuit of Female Division leader Duangsam at RAK’s Al Hamra Golf Club, RAK
sports11 hours ago
The emirate has been working on a comprehensive plan to replace overhead lines in the Central Region with underground cables
uae11 hours ago
The announcement comes soon after holidays were declared for the UAE ministries, federal entities, and employees in the private sector
uae12 hours ago
Winners of the annual Emirates Labour Market Award spoke about how they plan to use the money to build their dream houses, start businesses
uae12 hours ago
10 lucky fans will have the once-in-a-lifetime chance to meet the eight-division world champion
uae attractions13 hours ago
ASAS 2024 brought together over 1,000 young talents from 50 nationalities under the theme 'Art and Innovation'
kt network13 hours ago
While President-elect Trump's administration originally filed the search case against Google during his first term, he indicated he might not break up the company
tech14 hours ago