Page-4 of GDP
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - May, 2021
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 ..
Month: Current Affairs - April, 2021
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 ..