Economic growth Current Affairs, GK & News

Second Round of Quarterly Employment Survey

The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted to 85% of the total employment of the country. The survey was for the period July to September 2021. Key Findings of the Survey The total employment ..

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World Bank’s ‘Global Economic Prospects’ Report

World bank’s Global Economic Prospects’ Report was released on January 11, 2022. Key Findings of the report The report notes that, Global economic growth will decrease sharply to 4.1% in 2022 and 3.2% in 2023, from 5.5% in 2021. It projects India’s annual growth to be 8.3% in the fiscal year 2021-2022, 8.7% in 2022-23, ..

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CEBR’s prediction on Indian Economy

According to Centre for Economics and Business Research (CEBR), India will regain sixth position from France in 2022 and become the third-largest economy in 2031. Highlights Earlier it was predicted that, India will become the third-largest economy in 2030. In its annual World Economic League Table, the CEBR also predicted that China will overtake the ..

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Asian Development Outlook report- Update

On December 14, 2021, the Asian Development Bank released its Asian Development Outlook Report and reduced its growth forecasts for developing Asia for year 2021. Key Points This move came in line with the uncertainty that new Omicron coronavirus variant has brought. ADB now sees 2021 gross domestic product (GDP) growth of 7.0% for developing ..

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Moody’s projection of India’s economic growth

On November 25, 2021, Moody’s Investors Service highlight that, India’s rising vaccination rate, high public spending and low interest rates are driving the positive outlook for corporate sector and non-financial companies. Highlights Moody’s now projects that, India’s economic growth will rebound strongly. India’s GDP will expand by 9.3% in the financial year 2021-22. GDP will ..

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