Gross Domestic Product (GDP) Current Affairs, GK & News

IMF’s World Economic Outlook- Highlights

In its World Economic Outlook, which was published on October 12, 2021, International Monetary Fund (IMF) improved its growth forecasts of the Latin American and Caribbean economy in the year 2021. Highlights As per IMF report, a recovery of 6.3% is expected by 2021 and 2.5% by 2022. These figures indicates that international credit organization ..

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World Bank Report- Shifting Gears: Digitization and Services-Led Development

As per World Bank’s report titled “Shifting Gears: Digitization and Services-Led Development”, Indian economy is expected to increase by 8.3% in the fiscal year 2021-2022. Key findings of report As per report, in the next financial year, India’s economic prospects will be determined by its pace of vaccination against covid-19 and successful implementation of agriculture & ..

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NCAER director: India to grow by 10% during current fiscal

As per director of economic think-tank NCAER, Poonam Gupta, the Indian economy is expected to grow by 10 per cent during the financial year 2021-22. Key Points This growth will pick up because of fewer COVID-19-linked supply disruptions, increased demand of contact-intensive disruptions & traditional services and buoyancy in the global economy. However, the real ..

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ADB approves $150 million loan for T.N. urban poor housing project

On September 3, 2021, Asian Development Bank (ADB) approved a $150 million loan for Tamil Nadu Urban Poor Housing Project. Key Points According to ADB, Tamil Nadu is vital for the economic growth of India. It is currently contributing 8.54 per cent to the Gross Domestic Product (GDP). Economic opportunities in the state have boosted ..

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India’s GDP growth accelerates to 20.1% in Q1 FY22

According to the data of Ministry of Statistics & Programme Implementation, economic growth of India accelerated to a record high in the quarter through June 2021. Highlights It reflects a very weak base in 2020, rebound in consumer spending, and improved manufacturing amidst the second wave of Covid cases. As per data, the Gross domestic ..

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