Page-2 of Gross Domestic Product (GDP) Current Affairs, GK & News

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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India Q4 GDP Data

Central Statistics Office (CSO) released India’s gross domestic product (GDP) data for January-March quarter of financial year 2020-21. According to it, Indian economy is likely to expand in positive territory from December quarter. Highlights Before second wave of Covid-19, India’s GDP grew 1.6 per cent in fourth quarter (January-March) of 2020-21. However, for all quarters ..

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OECD estimate growth cut of India to 9.9%

Organisation for Economic Co-operation and Development (OECD) has cut India’s growth projection to 9.9 % for Financial Year 2022. In March, it estimated growth to 12.6%. Rate was cut witnessing covid cases lockdowns which have threatened to stall nascent economic recovery of India. Key Points As per OECD, “pandemic can be contained quickly but GDP ..

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Invasive species cost African Economy $3.66 trillion a year

Recent study shows that, Invasive species are costing African agriculture about $3.66 trillion per year. It equals to 1.5 times of the combined gross domestic product of all African countries. Key Findings Researchers from Kenya, Britain, Ghana and Switzerland were estimating the annual economic hit because of invasive species to African agriculture. They studied open ..

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NSO’s GDP Forecast- Highlights

The National Statistical Office (NSO) recently released its data on the Gross Domestic Product (GDP) for the financial year 2021. Key Facts As per the NSO, the Indian economy will be expanded by 0.4% in the December quarter. Thus, with this, the economy will be emerged from the recession which was induced by the covid-19 ..

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