GDP Current Affairs, GK & News

IMF Annual Report on India

The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities against inflationary pressures. IMF also recommended a slow reduction in monetary policy support in the ..

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India’s economic growth downgraded to 10% by ADB

The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 % from 11% that it had previously projected in the month of April. This downgrade was done taking into account the adverse impact of the second wave of the Coronavirus pandemic.   Highlights In the last quarter of ..

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BIS: India’s bank credit-to-GDP ratio grows 56% in 2020

As per the latest data from Bank for International Settlements (BIS), incremental credit growth has decreased to 59-year low at 5.56% in Financial Year 2021. Key points As per data, bank credit-to-GDP ratio has increased to a five-year high at about 56% in 2020. However, this increase is way behind its peers and is half ..

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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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