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

World Bank: India’s GDP Forecast- Update

For the fiscal year 2022-23, India’s GDP forecast has been slashed by the World Bank from 8.7 percent to 8 percent. The reason given for the change in forecast is due to rising inflation and worsening global supply caused due to the Russia-Ukraine war. Overview: South Asia’s growth outlook, excluding Afghanistan has also been slashed ..

Month: 

Category: 

Topics: 

Study: Impact of Humid Heat on Labour

A Duke University study says that the increase in global temperature will affect labour productivity. The increase in temperature will lead to global economic losses of 1.6 trillion USD. Key Findings of the study In the twelve hour work day, around 670 billion USD is being lost currently. The world is already warmer by a ..

Month: 

Category: 

Topics: 

NSO Estimates on FY22 GDP Growth

According to first advance estimates of National Statistical Office (NSO), India’s gross domestic product (GDP) is estimated to grow 9.2% in the financial year 2021-22. What is supporting the growth? Growth in GDP is supported by an uptick in the farm sector output, mining sector output and manufacturing sector outputs. What was the scenario in ..

Month: 

Category: 

Topics: 

Moody’s projection of India’s economic growth

On November 25, 2021, Moody’s Investors Service highlight that, India’s rising vaccination rate, high public spending and low interest rates are driving the positive outlook for corporate sector and non-financial companies. Highlights Moody’s now projects that, India’s economic growth will rebound strongly. India’s GDP will expand by 9.3% in the financial year 2021-22. GDP will ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

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 & ..

Month: 

Category: 

Topics: