The pandemic has hit the large informal sector of the Indian economy in particular and, like other countries, is facing a supply chain disruption due to the pandemic, Malpas reportedly told reporters by a news agency. ..
The World Bank last week predicted that the Indian economy would grow at 8.3 percent this year.
The Indian economy, which was hit by COVID-19, is now in recovery mode and the World Bank is welcoming development, President David Malpas recently integrated more people into a formal sector economy and made money. He said he was facing a big challenge. Some people have made progress, but that’s not enough.
“I have a general mixed view of progress, but it’s not enough. India integrates more people into their economies, integrates them into a formal sector economy, and earns people’s income. We are faced with the big challenge of increasing, “he said. He said the Indian government is focusing on it.
Malpas said he went to India in late 2019 and saw very positive changes in the banking system, financial system, civil service system and how India is looking for ways to improve clean water. I did. A very important situation in India for children’s nutrition to improve nutrition.
Fiber2Fashion News Desk (DS)
COVID-19 Indian Economy Recovering from Crisis: World Bank Governor
Source link COVID-19 Indian Economy Recovering from Crisis: World Bank Governor