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 ..

Month: Current Affairs - December, 2020

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, ..

Month: Current Affairs - June, 2020

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 ..

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 ..

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 ..

Moody’s lowers India’s GDP forecast to 5.4% for 2020

American Credit rating agency, Moody’s Investors Service has lowered India’s growth forecast to 5.4 per cent for the year 2020. Earlier, the country’s growth was estimated as 6.6 per cent. Moody’s said in its update on Global Macro Outlook that ..