Page-3 of Economic growth
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 ..
Month: Current Affairs - December, 2021
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 ..
Month: Current Affairs - November, 2021
IMF Annual Report on India
The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities ..
Month: Current Affairs - October, 2021
ADB cuts India’s Growth Forecast to 10%
The Asian Development Bank (ADP) has reduced its forecast for India’s GDP growth to 10 percent in 2021-22, from 11 percent it projected earlier. Key Points GDP growth was reduced as the downside risks were dominating the economic outlook. ADB ..
Month: Current Affairs - September, 2021
India’s GDP growth accelerates to 20.1% in Q1 FY22
According to the data of Ministry of Statistics & Programme Implementation, economic growth of India accelerated to a record high in the quarter through June 2021. Highlights It reflects a very weak base in 2020, rebound in consumer spending, and ..
Month: Current Affairs - September, 2021
August 30: National Small Industry Day
National Small Industry Day is observed every year on August 30, to recognise the value of small businesses existing in India. Highlights It is an annual celebration dedicated to encouraging small businesses across the country. This day is observed with ..