Page-6 of Topic: Economic growth
Three Schemes launched to boost Electronic Manufacturing Sector
The Government of India has launched three incentive schemes to boost electronics manufacturing in the country. The scheme will provide incentives of 4% to 6% when a company...
IMF: Recession due to COVID-19 to be worse than 2009
On March 24, 2020, the International Monetary Fund announced that the recession to be caused due to Corona Virus is to be worse than the 2009. IMF has...
S&P Global Ratings lowered India’s economic growth forecast to 5.2% for 2020
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for...
Corona Virus: US Federal Reserve reduces interest rate to 0%
On February 16, 2020, the United States Reserve Bank announced that the key interest rates are to be slashed to 0% to 0.25%. This is being done in...
UNCTAD: FDI inflows are to drop by 15% due to Corona Virus
The United Nations Conference on Trade, Investment and Development has warned that the Foreign Direct Investment flows all over the world will reduce by 15% due to Corona...
Corona Virus hits Diamond Industry of Surat greatly
Workers in Diamond Industry of India, especially in the parts of Surat have been facing job losses and pay cuts as Corona Virus has hit exports to China....
Moody’s revises India’s growth projections to 5.3% for 2020
Global rating agency Moody’s Investors Service has revised downward its growth projections for India to 5.3% for 2020 from its earlier projection earlier this month-5.4%. The latest revision...
World Productivity Congress in India after 45 years of gap
The World Productivity Congress has been conducted by the World Confederation of Productivity Science since 1969. It was last held in India in 1974. The Congress is held... CSO releases GDP growth data for third quarter of FY20
The Central Statistics Office (CSO) recently released the GDP growth data for the October-December quarter of 2019 (third quarter of FY20). It said the GDP growth was 4.7 per cent...
NITI Aayog launches Artificial Intelligence Modules in Schools
The GoI think tank NITI Aayog joined hands with the National Association of Software and Services (NASSCOM) and launched the Artificial Intelligence module for school students. The NITI...
Minister reviews progress of meeting of Institute of Eminence
On February 24, 2020, the Union Minister Shri Ramesh Pokhriyal chaired a high-level meeting to review the progress of Institutes of Eminence. Highlights The following decision were taken...
