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- India's gross domestic product may rebound to 8.5% in 2022 before suffering a "deep contraction" in this fiscal year, according to S&P Global Ratings.
- Despite India's $264 billion economic stimulus, or about 10% of its GDP, the country's migrant laborers and struggling communities are enduring critical troubles.
- A direct cash-transfer benefit reform enabled Prime Minister Narendra Modi's government to deliver stimulus funds to the needy, but tens of thousands amongst those deprived do not have access to digital payments accounts.
- Meanwhile, a forgotten social community has been wiped off of India's population data and has failed to secure a government representative on the presumption that their numbers have dwindled to a mere 296.
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India's economy is likely to rebound by 8.5% in 2022 after suffering a deep contraction in the current fiscal year, according to S&P Global.
However, the world's fifth-largest economy is faced with both a migrant crisis of epic proportions and community distress as tens of thousands struggle to persevere during the pandemic in one of the world's most populous nations.
See the rest of the story at Business Insider
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