GDP forecast Current Affairs, GK & News

RBI Monetary Policy Committee Announcements

Three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent, in order to revive & sustain growth and reduce the impact of Covid-19 pandemic. Key points Monetary Policy Committee has also ensured that inflation remains within the target. Reverse ..

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ICRA revises FY22 GDP Growth Forecast to 9%

Ratings agency ICRA has revised its real GDP growth forecast for India on September 27, 2021 for Financial Year 2022 (FY22). Its GDP forecast has changed from 8.5% to 9 per cent. Highlights ICRA credited the upward revision in the GDP to the brightening prospects for second quarter of FY22 which is expected to benefit ..

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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 also noted that, rising input costs is increasing the inflation to a faster pace of ..

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Ind-Ra lowers India’s GDP growth forecast in 2019-20 to 6.1% from 6.7% in August 2019

India Ratings and Research (Ind-Ra), a part of Fitch group has lowered India’s gross domestic product (GDP) forecast for financial year (FY) 2019-20 to 6.1%. This was second downgrade in the last two months. Earlier in August 2019, Ind-Ra had revised GDP growth estimate to 6.7% from its earlier forecast of 7.3%. It has cited ..

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Fitch raises India's GDP forecast to 7.8% from 7.4% for FY19

Fitch Ratings in its Global Economic Outlook has revised up India’s growth forecast for current fiscal year (2018-19) to 7.8% from 7.4% projected earlier. However it has flagged tightening of financial conditions, weak bank balance sheets and rising oil bill as headwinds to growth. Key Highlights Growth Projections: Fitch’s upward revision in growth forecast comes ..

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