Economic growth Current Affairs, GK & News

India Q4 GDP Data

Central Statistics Office (CSO) released India’s gross domestic product (GDP) data for January-March quarter of financial year 2020-21. According to it, Indian economy is likely to expand in positive territory from December quarter. Highlights Before second wave of Covid-19, India’s GDP grew 1.6 per cent in fourth quarter (January-March) of 2020-21. However, for all quarters ..

Month: 

Category: 

Topics: 

OECD estimate growth cut of India to 9.9%

Organisation for Economic Co-operation and Development (OECD) has cut India’s growth projection to 9.9 % for Financial Year 2022. In March, it estimated growth to 12.6%. Rate was cut witnessing covid cases lockdowns which have threatened to stall nascent economic recovery of India. Key Points As per OECD, “pandemic can be contained quickly but GDP ..

Month: 

Category: 

Topics: 

S&P cuts India’s GDP growth forecast to 9.8% for FY22

The US based rating Agency S and P recently cut the growth forecast of India to 9.8% for 2021-22. In March 2021, the agency expected 11% GDP growth in the country. According to the agency, the second wave might derail the recovery. According the S and P ratings, the fiscal position of the Government of ..

Month: 

Category: 

Topics: 

What is COVID Loan Book?

The Reserve Bank of India recently opened an on-tap liquidity window of Rs 50,000 crores. Note: On-tap means ready to. On-tap liquidity window is funds that are to be provided immediately. Liquidity is cash. What is the plan? Under this step, the banks can provide lending support to vaccine manufacturers, importers of vaccines, pathology labs, ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: