GDP growth Current Affairs, GK & News
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 COVID-19 pandemic. S&P lowered growth projecting because lockdown, induced as a result of severe second ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
Topics: COVID-19 • GDP growth • GDP Growth Rate • Growth factors • Growth Forecast • S&P cuts growth rate
SBI revises FY22 GDP projection to 7.9%
Economic research department of State Bank of India has published “Ecowrap 2021” report and revised real GDP projection for Financial Year 2022 to 7.9 percent from 10.4 percent earlier. Report highlights disproportionately larger impact of second wave of Covid-19 pandemic on economy. Key Findings It says, GDP outlook will be impacted by trajectory of international ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: COVID-19 • Ecowrap Report • GDP • GDP growth • State Bank of India • Third Wave of Covid-19
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 ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: fiscal deficit • GDP growth • GDP Growth Rate • Gross domestic product • Union Budget 2021
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