Economic Recession Current Affairs, GK & News

CRISIL cuts India’s GDP forecast to 9.5% from 11%

Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..

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World Economic Outlook

The International Monetary Fund recently released the World Economic Outlook titled “Managing Divergent Recoveries”. Key Findings of the report The report has predicted GDP growth of India for the current fiscal year 2022 to be 12.5%. This is 1% higher than the previous projection of 11.5% in January 2021. This is the highest among the ..

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Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

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