GLOBAL ECONOMY:
Strength
 After the first wave of covid due
to the pent-up demand we saw a
V-shaped recovery in the
economy and also the demand is
expected to grow.
 More countries scaled their
vaccination program and
building their infrastructure.
Opportunities
 IMF WEO (World Economic
Outlook) April 2021 projects the
worldwide economy to grow by
6% in 2021, moderating to 4.4%
in 2022.
Weakness
 The unprecedented covid
situation has caused. The global
recession and devastating loss of
lives and livelihoods.
 The tough lockdowns and capital
flow resulted in a slump in
consumer demand.
 Output of the world shrank by
4.3% in 2020.
Threats
 The threat of third wave and
variance of covid are still there
in some countries.
INDIAN ECONOMY:
Strength Weakness
 India is growing at the rate of 6-  Due to some local lockdowns, the
7% for the last few years, growth estimation is being
emerging as the fastest-growing reduced.
G20 economy.  The expenditure burden of
 Due to some distrust over the government and growth of the
Chinese government and fiscal deficit.
business policies, major
organizations shifted to India.
 Along with economic stimulus,
the accelerated pace of
vaccination is emerging as a
major economic stimulus, going
forward.
Opportunities Threats
 As per the economic survey,  The chance of a third wave of
India's GDP is estimated to grow covid and further local
9.6% in FY2022. The rebound is lockdowns.
due to the normalization of the  The low supply of vaccines.
economic activities and the
rollout of covid 19 vaccines.
 The Indian government has
announced Rs. 20.9 lakh crore
economic packages (10% of
GDP), which comprises direct
fiscal spending, loans, and RBI
liquidity measures.
 The resilience demonstrated by
the Indian economy, including a
growth-centric Union Budget and
therefore the RBI maintaining an
accommodative stance to sustain
growth on a durable basis, will
expectedly see the Indian
economy grow at a faster clip
than other economies.