Economic history Current Affairs, GK & News
The latest report of Moody’s Investors Service has cut India’s GDP growth forecast to 7.3% in 2018 from the previous estimate of 7.5% due to higher oil prices and tighter financial conditions. However, Moody’s maintained its 2019 growth forecast at 7.5%. The report “Global Macro Outlook: 2018-19” stated that the Indian economy is in cyclical ..
The UK economy has returned to recession, after shrinking by 0.2% in the first 3 months of 2012. The Office of National Statistics held that a sharp fall in construction O/P was behind the surprise contraction. The UK economy shrank by 0.3% in the fourth quarter of 2011. The UK economy was last in recession ..
The Indian Economy has shown the slowest pace in six quarters. Data released by the Central Statistics Office have showed growth in the April-June quarter of the current financial year stood at 7.7% compared to 8.8% in the same year-ago period. In the January-March quarter, the economy expanded 7.8%. The reasons are: Rising interest ..
Planning Commission Member and Steering Committee Chairman Abhijit Sen has recently said that farm sector target growth rate shall be 4% in the 12th Five Year Plan. The same target was set for 11th plan and Sen has blamed poor monsoon for missing the farm sector targets in the 11th Plan. Its worth note that ..
The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan. Meaning of Rolling Plan The meaning of the Rolling Plan was that now, every year the performance of the plan will be assessed and a new plan ..