The World Bank (WB) has retained projections for economic growth of India at 8.3 per cent for 2021-22, but said that any slowdown in the world due to further Covid waves will pull it down. The bank attributed the low growth to uncertainty related to Coronavirus (Covid-19) and weakened household and firm balance sheets.
In its latest report on South Asia, the multilateral agency flagged the issue of under-reporting of Covid-19 deaths in the region, including India. It said India’s Covid-19 deaths are growing more rapidly than other South Asian countries.
According to official data, the South Asia region accounts