RBI Monetary Policy Committee Meeting: Key Highlights

The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate is to continue at 3.35%. Key Highlights of the MPC meet The meeting concluded that ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: CPI • Economic growth • GDP • GDP growth • Monetary inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reverse Repo Rate • RTGS • V-shaped recovery

IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

Month: Current Affairs - June, 2020

Category: Reports & Indexes Current Affairs

Topics: China • developing countries • Economic growth • GDP growth • International Monetary Fund (IMF) • Per capita Income • World Economic Outlook

India Ratings expects FY21 GDP Growth to be the Lowest in 29 Years

India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for the GDP growth of India from 3.6% in March to 1.9% for this fiscal year. This is the lowest in 29 years. The last time India saw ..

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

Topics: fiscal deficit • GDP growth • India Ratings and Research • Inflation

Fitch Solutions lowers India’s GDP growth to 4.9 per cent in FY20

Fitch Solutions recently lowered its forecast for India’s economic growth to 4.9 per cent in the current fiscal FY 20. The main reason for the cut in rate was weak domestic demand and supply chain interruptions due to the coronavirus outbreak and a resulting dip in manufacturing. However, the GDP growth in in 2020-21 will recover to 5.4 ..

Topics: Coronavirus • Fitch • GDP growth

CSO releases GDP growth data for third quarter of FY20

The Central Statistics Office (CSO) recently released the GDP growth data for the October-December quarter of 2019 (third quarter of FY20). It said the GDP growth was 4.7 per cent in the third quarter, which is a slight improvement over the previous quarter’s GDP- 4.5%. As per the data, the projections for economic growth in FY20 has ..

Topics: Central Statistics Office • Economic growth • GDP growth