GDP Growth Rate
What are current trends in India’s GDP growth forecast?
Recently, India’s GDP Growth Forecast for current financial year was lowered to 7.2 percent by Morgan Stanley. It marked a reduction by 40 basis points, as compared to last forecast. Growth forecast was lowered in light of a slowdown in ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
NSO Estimates on FY22 GDP Growth
According to first advance estimates of National Statistical Office (NSO), India’s gross domestic product (GDP) is estimated to grow 9.2% in the financial year 2021-22. What is supporting the growth? Growth in GDP is supported by an uptick in the ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
Moody’s upgrades outlook on India’s sovereign rating to Stable
Rating agency Moody’s Investors Service upgraded the sovereign rating outlook of India to stable from negative. Highlights This rating was upgraded citing reduced risks from COVID-19 as well as negative feedback between real economy & financial system. Moddy’s has retained ..
Month: Current Affairs - October, 2021
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 ..
Month: Current Affairs - September, 2021
UNCTAD: Indian economy to expand by 7.2% in 2021
The United Nations Conference on Trade and Development (UNCTAD) has released its Trade and Development report on September 15, 2021. Key findings of the report According to the report, India’s economic growth rate will increased to a four-year high of ..
Month: Current Affairs - September, 2021
NCAER director: India to grow by 10% during current fiscal
As per director of economic think-tank NCAER, Poonam Gupta, the Indian economy is expected to grow by 10 per cent during the financial year 2021-22. Key Points This growth will pick up because of fewer COVID-19-linked supply disruptions, increased demand ..
Month: Current Affairs - September, 2021
S&P Cuts India’s Growth Forecast to 9.5%
Global rating agency, S&P, has cut India’s growth forecast for fiscal year 2021-2022 to 9.5 per cent. Earlier, it was kept at 11 per cent. Highlights Rating agency has warned of risk to the growth rate from upcoming waves of ..
Month: Current Affairs - June, 2021
Moody’s: India’s growth projection at 9.6 per cent for 2021
Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - June, 2021
ADB raises India GDP forecast by 11%
The Asian Development Bank recently released its Asian Development Outlook, 2021. According to the report, India is to grow at 11%. The Asian Development Bank recently released its Annual outlook. The outlook says that ADB has provided a financial support ..