GDP Growth Rate 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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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 of 1.5 billion USD to India to fight against COVID-19 Key Findings of the report ..

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S&P: Growth of 11 per cent for India in 2021

The S&P Global Ratings recently said that the Indian Economy is to grow at 11% in 2021-22. Earlier, S&P had predicted that India will grow at 10%. Key Findings In the next couple of years, India is to grow at 6.1% to 6.4%. The credit conditions have improved for Asia-Pacific banks. With countries rolling out ..

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IMF: Sub-Saharan Africa to see world’s slowest growth in 2021

The International Monetary Fund recently released the Regional Economic Outlook for Sub Saharan Africa. According to the report the Sub Saharan region is to witness the world’s slowest growth in 2021. Key Findings The sub-Saharan region is projected to grow by 3.4% in 2021. This is way below the global growth prediction of 5.5% in ..

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Fiscal Deficit Estimated to be 9.5% of GDP for FY 2020-21

Finance Minister Nirmala Sitharaman highlighted, while presenting the union budget for 2021-2022, that the fiscal deficit in the next financial year is estimated as 6.8 percent of the gross domestic product (GDP). Highlights The finance minister highlighted that the fiscal deficit is estimated to increase up to 9.5% in the Financial Year 2020-21. The rise ..

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