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UN Report on the World Economic Situation and Growth Opportunities for 2022 released on Friday

  • At the beginning of 2021, the world economy grew at a rate of 5.5 percent, the highest level in 40 years. But at the end of that year, due to the impact of the corona impact, the global economic growth rate began to decline. Larger economies such as China, the European Union and the United States also fell sharply.
  • Consequently, global economic growth will remain low in 2022 and 2023. The global economic growth rate is projected to be 4 percent in 2022 and 3.5 percent in 2023.
  • The economic growth of most developing countries is generally weak. In particular, the report said that economic growth would be slower in countries with a tourism sector.
Adani-Bosco agreement to set up the plant
  • Gautam Adani-led Adani Group has signed an agreement with South Korea-based Bosco to promote business opportunities in areas such as steel and renewable energy.
  • An agreement has been reached with Bosco to set up a green, eco-friendly, integrated steel plant in Mundra, Gujarat, and to explore opportunities for other businesses.
  • Not only setting up a plant in Gujarat; The agreement provides an opportunity for the two sides to work together in various fields such as renewable energy, hydrogen and cargo handling.
Corona on the rise across the country: Prime Minister Modi's consultation with state chief ministers
  • Prime Minister Narendra Modi held a video conference with state chief ministers on the issue as the impact of corona is increasing day by day across the country. As the corona increases, various curfews are imposed in various states, including night curfews, Sunday curfews, and work with 50% of staff in offices.
  • The precautionary dose is already being given to children between the ages of 15 and 18 across the country, as well as to preoperative workers over the age of 60, co-morbidities, and the elderly.
  • The states of Maharashtra, West Bengal, Delhi, Tamil Nadu, Karnataka, Uttar Pradesh, Kerala and Gujarat are coming under additional surveillance as corona distribution is very high.
  • In this context, Prime Minister Modi held consultations with state chief ministers. The meeting was attended by Union Ministers, Chief Ministers and officials. During this consultation he heard of corona prevention measures.
Negotiations on a free trade agreement between India and Britain have begun
  • The Union Minister of Commerce, Industry, Consumer Affairs, Food, Public Distribution and Textiles, Shri. Piyush Goyal begins talks with British Minister for International Trade Annie-Mary Travel on the Free Trade Agreement in New Delhi.
  • The Prime Ministers of the two countries, Mr. Narendra Modi, Mr. The agreement, aimed at achieving the target set by Boris Johnson in 2021, will help double bilateral trade between India and the UK by 2030.

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