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 ..

Month: Current Affairs - February, 2021

What is Economic Survey?

The economic survey for 2020-2021 will be tabled in the parliament on January 29, 2021 days before the presentation of Union Budget on February 1, 2021. Key Facts The Economic survey will be released with the focus on the impact ..

Month: Current Affairs - January, 2021

World Bank: India is expected to grow at 1.5% to 2.8%

On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth ..

Month: Current Affairs - April, 2020

OECD lowers India’s GDP growth forecast to 5.1%

International agency OECD recently lowered India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020-21. For the financial year ending March 2019, OECD has projected a growth rate of 4.9%. The main ..

India emerged as 5th largest economy in 2019

World Population Review, a US-based think tank, recently stated in its report that India emerged as the world’s fifth largest economy in 2019, with a GDP of $ 2.94 trillion. India has overtaken the UK and France, to be placed ..

RBI projects GDP growth rate at 6% for FY21

The Reserve Bank of India (RBI) recently projected the economic growth of the country to grow by 6 per cent during the next financial year. This is the lower end of the growth projection as announced by the government in ..