Page-2 of Gross Domestic Product (GDP)

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

October 8, 2021

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 ..

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

September 13, 2021

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 ..

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

September 8, 2021

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 ..

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

September 1, 2021

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 ..

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India Q4 GDP Data

June 1, 2021

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 ..

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OECD estimate growth cut of India to 9.9%

June 1, 2021

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 ..

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