Page-2 of Economic Slowdown
Moody’s revises estimate of India’s Growth
Global rating agency Moody’s has revised its forecast of India’s growth. It has estimated a double-digit contraction to be at 11.5% during the current fiscal year. Key Facts It has raised its expectations of economy’s performance in the upcoming fiscal ..
Month: Current Affairs - September, 2020
Indian Economy to Shrink by 9.5% in FY 2020-2021: ICRA
The credit rating agency, ICRA, has predicted that the Indian economy will see a major slowdown in the current fiscal and it is expected to contract by around 9.5% in the Financial Year 2020-2021. The agency had earlier predicted a ..
Month: Current Affairs - July, 2020
AIIB to finance 500 million USD projects to strengthen National Health Care Systems
The Asian Infrastructure Investment Bank is to finance 500 million USD projects in India to help the country improve its health care systems. AIIB is currently doubling its funds under COVID-19 Crisis Recovery Facility. Highlights The funding is to be ..
Month: Current Affairs - April, 2020
United Nations predict India’s GDP at 4.8%
On April 9, 2020, the United Nations released a report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020. Highlights According to the report, the economic growth rate of India stood at 5% in 2019-20. It has forecasted ..
Month: Current Affairs - April, 2020
Extraordinary G20 Trade and Investment Ministerial Meet
On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the meet. Highlights India had called for easy movement of health professionals and ..
Month: Current Affairs - March, 2020
United Nations: India and China likely to stay away from Global Recessions
The United Nations Conference on Trade and Development (UNCTAD) made a new analysis under the title “The COVID-19 Shock to Developing Countries”. Highlights The analysis says that leading exporting countries are to face drop in investments between 2 trillion USD ..