MOODY GROWTH PROJECTIONS

• It lowers India’s growth projection from its earlier estimate of 13.7% to 9.3%.

• The reason for lower growth projections is the second wave of COVID-19.

• Further the Shortage of vaccines and logistical difficulties in effective delivery of vaccines to large rural populations [about two-thirds of the population] complicate the vaccine roll-out and thus acting as a hurdle in tackling the second wave of COVID-19.

• This in turn will lower down the pace of economic recovery.

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connected article:

1. Asian Development outlook Report