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1 January – India begins its two-year tenure (2021–22) as a non-permanent member of the UNSC. [1] 2 January – India approves two coronavirus vaccines, Bharat Biotech's "Covaxin" and the Oxford/AstraZeneca "Covishield", for emergency use. [2] [3] Experts raised questions over the efficacy of Covaxin and a lack of transparency in trials. [4 ...
In April 2020, the World Bank and rating agencies downgraded India's growth for fiscal year 2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s. [193] [194] On 12 April 2020, a World Bank report focusing on South Asia said that India's economy is expected to grow 1.5% to 2.8% for FY21 ...
India is one of the fastest growing countries in the world. According to the annual report of the IMF, India shows a GDP growth rate of 7.3% for 2018.India is the third largest country in purchasing power parity [4] and is expected to keep their annual growth rate.
The 2021 BRICS summit is the thirteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that India hosted the BRICS Summit after 2012 and 2016. [3]
Unfortunately, the second wave of COVID-19 hit India in April 2021, resulting in even higher numbers of cases and deaths than the first wave. Major Indian cities and many states made wearing facial masks compulsory. [16] On 29 April, The Ministry of Home Affairs issued guidelines for the states to allow inter-state movement of the stranded ...
IMF also predicted that India and China are the only two major economies that will maintain positive growth rates. [78] However the prediction later turned out to be wrong. On 24 June 2020 IMF revised India's growth rate to -4.5%, a historic low. However, IMF said India's economy is expected to bounce back in 2021 with a robust six percent ...
India is ranked 63rd out of 190 countries in the World Bank's 2020 ease of doing business index, up 14 points from the last year's 100 and up 37 points in just two years. [187] In terms of dealing with construction permits and enforcing contracts, it is ranked among the 10 worst in the world, while it has a relatively favourable ranking when it ...
The major global rollout of COVID-19 vaccines, which began at the end of 2020, continued in 2021. Most major events scheduled for 2020 that were postponed due to the pandemic were hosted in 2021, including the 26th United Nations Climate Change Conference, Expo 2020, and sporting events such as UEFA Euro 2020, the 2020 Summer Olympics and ...