Economic growth Current Affairs, GK & News

OECD interim ‘Economic Outlook’

The Organisation for Economic Co-operation and Development (OECD) published its interim Economic Outlook on March 9, 2021. It has projected that the Indian economy will grow at the rate of 12.6% in Financial Year 2022. This will be the highest among G20 countries. Highlights The economic outlook is aided by the additional fiscal support after ..

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NSO’s GDP Forecast- Highlights

The National Statistical Office (NSO) recently released its data on the Gross Domestic Product (GDP) for the financial year 2021. Key Facts As per the NSO, the Indian economy will be expanded by 0.4% in the December quarter. Thus, with this, the economy will be emerged from the recession which was induced by the covid-19 ..

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World Economic Outlook, 2021

Recently, the International Monetary Fund (IMF) has released the “World Economic Outlook, 2021” report. Key Findings of report The report highlights that, India will witness the strongest growth among the main economies. India’s economy will expand by 11.5 percent in 2021 as opposed to the 8.8 percent growth that was predicted in October 2020. However, ..

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Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

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Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

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