GDP Current Affairs, GK & News

World Bank 2022-23 GDP Forecast for India

December 8, 2022

The World Bank has increased India’s GDP forecast for the current fiscal year from its October estimate of 6.5 per cent to 6.9 per cent. World Bank’s Latest Forecast The World Bank has raised its forecast for India’s economic growth to 6.9 per cent because of the economy’s resilience while facing external challenges as well ..

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World Bank’s GDP projection for India

October 7, 2022

The World Bank had recently downgraded India’s real GDP growth forecast for the Financial Year 2023 (2022-23). Key facts In its latest South Asia Economic Focus Update, the World Bank had slashed India’s real GDP growth forecast from the earlier estimate of 7.5 per cent to 6.5 per cent. It warned that the Indian economy ..

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Moody’s retains India’s Baa3 rating with stable outlook

September 8, 2022

Moody’s Investors Service recently announced its decision to maintain India’s sovereign credit rating at a minimum investment grade of ‘Baa3’ and continue with its “stable” outlook on the country. Key Points According to Moody’s, India’s economic growth rate in the current financial year will be 7.6 percent as compared to 8.7 percent in the previous ..

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India set to become 3rd largest economy by 2030

September 5, 2022

Recently, State Bank of India (SBI) released a research report which states that India is likely to become the third largest economy in the world by 2029. Highlights The report said that India has gone through a major structural transformation since 2014 (when it was ranked 10th) and is now the 5th largest economy, overtaking ..

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India becomes world’s fifth-largest economy

September 3, 2022

Recently, India has overtaken the UK to become the fifth largest economy in the world. India is now behind the US, China, Japan and Germany in terms of economy. A decade ago, India was ranked 11th among the world’s largest economies, while the UK was firmly at number 5. Key Points In the midst of ..

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NSO Data on India’s GDP Rate in Q1

September 1, 2022

Recently, the National Statistical Office (NSO), Ministry of Statistics and Program Implementation released the estimates of Gross Domestic Product (GDP) at constant (2022-23) and current prices for the first quarter (April-June) of 2022-23. Key Findings In the first quarter (April-June) of the current financial year, the country’s economy has registered a growth of 13.5 percent. ..

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