GDP Current Affairs, GK & News

Moody’s GDP Forecast- Key Highlights

The Rating agency Moody’s have recently forecasted that the nominal Gross Domestic Product (GDP) of India will rise closer to 17% in the Financial Year 2021. Key Highlights The US-based rating agency further forecasts that, India’s fiscal deficit projections are higher than expected. According to it, slower consolidation will constrain the fiscal strength of India ..

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Union Budget 2021-2022- Summary

The 2021-22 Union Budget was presented amid the COVID-19 pandemic on February 1, 2021. Since the 2020 budget, the Indian economy have reduced from 2.24 lakh crore nominal GDP to Rs 1.94 lakh crore. This reduction in the size of the economy was due to the lower revenue growth and higher expenditure in the year ..

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Oxfam Report: The Inequality Virus

The Oxfam has recently published its report titled “The Inequality Virus”. In its report, the Oxfam finds that the COVID-19 pandemic has deepen the existing inequalities in India and across the world. Key Findings of the report As per the report, the pandemic has stalled the economy that in turn has forced millions of poor ..

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Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

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Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

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