GDP Current Affairs, GK & News

Costs of Climate Change in India report- GDP to reduce annually

London-based global think tank Overseas Development Institute published its report called “Costs of Climate change in India”. The report analyses economic costs of climate-related risks in country and possibility of increased inequality & poverty. Key Findings As per report, climate change will affect India’s economy. India might lose about 3 to 10 percent of its ..

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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 ..

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S&P cuts India’s GDP growth forecast to 9.8% for FY22

The US based rating Agency S and P recently cut the growth forecast of India to 9.8% for 2021-22. In March 2021, the agency expected 11% GDP growth in the country. According to the agency, the second wave might derail the recovery. According the S and P ratings, the fiscal position of the Government of ..

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SIPRI report on Military Spending

The Stockholm International Peace Research Institute recently released its “Trends in world Military Expenditure” report. According to the report, the top military spenders in the world are the United States, China and India. These three countries alone contributed 62% global military expenditure. Key Findings of the Report In 2020, the US spent 778 billion USD ..

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SBI Report: FY22 growth at 10.4%,

The State Bank of India recently revised the growth of India for the Fiscal Year 2021-22 to 10.4%. Earlier, the bank had predicted the growth rate as 11%. SBI has curbed the growth rate of the country due to the increasing COVID-19 crisis. Suggestions made by SBI report The report says that Government of India ..

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