Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021

India&rsquo;s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in..."/>
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The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021

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    <h1 class="cat-box-title"> India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021</em></p><p style="text-align:justify">India&rsquo;s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank&rsquo;s South Asia Economic Focus <a href="/upload/files/South%20Asia%20Vaccinates.pdf" title="/upload/files/South%20Asia%20Vaccinates.pdf">South Asia Vaccinates report</a>. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range from 7.5% to 12.5% , stabilising at 6-7% in the medium term, it said.</p><p style="text-align:justify">&ldquo;It is not normal to talk about these wide ranges in the forecast,&rdquo; Hans Timmer, Chief Economist for the World Bank&rsquo;s South Asia region, said on a briefing call with reporters. &ldquo;The reason is that we are really in unprecedented circumstances,&rdquo; he said. GDP had been difficult to forecast due to the size of the hit and also its nature. The normal rules of extrapolation were not usable at the moment, Mr. Timmer said.</p><p style="text-align:justify">The report highlights some of these difficulties in measuring GDP. For instance, the pandemic likely caused informal sector incomes &ndash; already hard to measure &ndash; to fall sharply. Also, measuring the value of service sector transactions during the pandemic is difficult. The increased reliance on digital services will also cause estimation challenges in the future.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true" title="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021</em></p><p style="text-align:justify">India&rsquo;s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank&rsquo;s South Asia Economic Focus <a href="/upload/files/South%20Asia%20Vaccinates.pdf" title="/upload/files/South%20Asia%20Vaccinates.pdf">South Asia Vaccinates report</a>. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range from 7.5% to 12.5% , stabilising at 6-7% in the medium term, it said.</p><p style="text-align:justify">&ldquo;It is not normal to talk about these wide ranges in the forecast,&rdquo; Hans Timmer, Chief Economist for the World Bank&rsquo;s South Asia region, said on a briefing call with reporters. &ldquo;The reason is that we are really in unprecedented circumstances,&rdquo; he said. GDP had been difficult to forecast due to the size of the hit and also its nature. The normal rules of extrapolation were not usable at the moment, Mr. Timmer said.</p><p style="text-align:justify">The report highlights some of these difficulties in measuring GDP. For instance, the pandemic likely caused informal sector incomes &ndash; already hard to measure &ndash; to fall sharply. Also, measuring the value of service sector transactions during the pandemic is difficult. The increased reliance on digital services will also cause estimation challenges in the future.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true" title="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021

India&rsquo;s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in..." />
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    <h1 class="cat-box-title"> India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021</em></p><p style="text-align:justify">India&rsquo;s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank&rsquo;s South Asia Economic Focus <a href="/upload/files/South%20Asia%20Vaccinates.pdf" title="/upload/files/South%20Asia%20Vaccinates.pdf">South Asia Vaccinates report</a>. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range from 7.5% to 12.5% , stabilising at 6-7% in the medium term, it said.</p><p style="text-align:justify">&ldquo;It is not normal to talk about these wide ranges in the forecast,&rdquo; Hans Timmer, Chief Economist for the World Bank&rsquo;s South Asia region, said on a briefing call with reporters. &ldquo;The reason is that we are really in unprecedented circumstances,&rdquo; he said. GDP had been difficult to forecast due to the size of the hit and also its nature. The normal rules of extrapolation were not usable at the moment, Mr. Timmer said.</p><p style="text-align:justify">The report highlights some of these difficulties in measuring GDP. For instance, the pandemic likely caused informal sector incomes &ndash; already hard to measure &ndash; to fall sharply. Also, measuring the value of service sector transactions during the pandemic is difficult. The increased reliance on digital services will also cause estimation challenges in the future.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true" title="https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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Home हिन्दी

India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman

Published on Mar 31, 2021   Modified on Mar 31, 2021

-The Hindu The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021 India’s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank’s South Asia Economic Focus South Asia Vaccinates report. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range from 7.5% to 12.5% , stabilising at 6-7% in the medium term, it said. “It is not normal to talk about these wide ranges in the forecast,” Hans Timmer, Chief Economist for the World Bank’s South Asia region, said on a briefing call with reporters. “The reason is that we are really in unprecedented circumstances,” he said. GDP had been difficult to forecast due to the size of the hit and also its nature. The normal rules of extrapolation were not usable at the moment, Mr. Timmer said. The report highlights some of these difficulties in measuring GDP. For instance, the pandemic likely caused informal sector incomes – already hard to measure – to fall sharply. Also, measuring the value of service sector transactions during the pandemic is difficult. The increased reliance on digital services will also cause estimation challenges in the future. Please click here to read more.

The Hindu, 31 March, 2021, https://www.thehindu.com/news/national/india-fy21-22-growth-will-be-in-the-75-125-range-likely-101-world-bank/article34203789.ece?homepage=true

Tagged with: Pandemic Economic Growth GDP Growth India South Asia World Bank 2021-22 Hans Timmer

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