'The coronavirus epidemic is a big crisis, but it can’t stall India’s economic progress,' Indian Prime Minister Narendra Modi said.
Catch up on the developing stories making headlines.NEW DELHI -- India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion infrastructure projects to boost the sagging economy.
He also said that three vaccines are in different phases of testing in India and it will start mass production as soon as it got a green light from scientists."Detailed plans are in place for large-scale production of corona vaccine and making it available to every Indian," he said. The International Monetary Fund projected a contraction of 4.5% for the Indian economy in 2020, a “historic low,” but said the country is expected to bounce back in 2021.
He said that India saw a record 18% jump in foreign direct investment in the past year, a signal that the international companies are looking at the country.
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