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The world is faced with extraordinary uncertainty about the depth and duration of this crisis, and it has been the worst economic fallout since the Great Depression. In India, The Union Government Finance Minister claims that the economy has witnessed a V-shaped recovery despite Covid–19. According to her there is an overall growth in all sectors. The government expects the GDP to contract by 7.7 % in this fiscal year. However, the reality may be different. BE has covered the economic forecast of 2021 in this edition.

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