ECONOMIC UPDATE

 


  • India crosses more than 13 lakh active cases of corona virus similar to the situation of April 2020 which is becoming the challenge for the economic growth.

  • Inflation reached at 5.52%, RBI may not hike the interested rates this time to control over inflation in the focus of the economic growth

  • India’s forex reserve reached to $576.869 billion dropping by $2.415 billion

  • Total NPA in India right now is more than $ 61 billion it may further increase around 14 % in 2021

  • Global economic growth is projected at 6% in 2021 where it was -4.9% in 2020


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