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UN initiatives Indian financial system to develop at 7.3% in CY-2021



India’s financial development is forecast to be 7.3 per cent within the Calendar Year 2021 by the UN. The Indian financial system is estimated to contract by 9.6 per cent within the Calendar 12 months 2020, as per the World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UNDESA).

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In addition to this, the worldwide financial system is estimated to shrink by 4.3 per cent in 2020. The UN has estimated the Global GDP to get better to 4.7 per cent in 2021.

Important takeaways for all aggressive exams:

  • United Nations Department of Economic and Social Affairs Headquarters location: New York, United States.
  • United Nations Department of Economic and Social Affairs Head: Liu Zhenmin.
  • United Nations Department of Economic and Social Affairs Founded: 1948.


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