Gross domestic product Current Affairs, GK & News
Fiscal Deficit Estimated to be 9.5% of GDP for FY 2020-21
Finance Minister Nirmala Sitharaman highlighted, while presenting the union budget for 2021-2022, that the fiscal deficit in the next financial year is estimated as 6.8 percent of the gross domestic product (GDP). Highlights The finance minister highlighted that the fiscal deficit is estimated to increase up to 9.5% in the Financial Year 2020-21. The rise ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: fiscal deficit • GDP growth • GDP Growth Rate • Gross domestic product • Union Budget 2021
NSO released Revised Estimates of Economic Growth
The National Statistical Office (NSO) has released the revised estimates of Gross Domestic Product (GDP) data on January 29, 2020. The data was revised for the for the fiscal years 2017-18 to 2019-20. Highlights The first revised estimates figured the GDP growth at 4 percent for the fiscal year 2019-20. This was 20 basis point ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Advanced estimates • Gross domestic product • Gross value added • Ministry of Statistics and Programme Implementation (MoSPI) • National Statistical Office (NSO) • Revised Estimates
ADB: Asian Economy to shrink for First Time since 1960s
The Asian Development Bank have predicted that the Asian economy will shrink for the first time since the early 1960s amid the COVID-19 Pandemic. The report states that downfall in the level of growth will continue until the next year. Background The Development bank had earlier in June 2020 predicted that the Gross Domestic Product ..
Month: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs
Topics: Asian Development Bank • Economic Slowdown • Gross domestic product
GDP contracted by 23.9 % in first quarter of 2020-2021
According to the recent National Statistical Office (NSO) data, India’s Gross Domestic Product (GDP) growth contracted by 23.9% in the first (April-June) quarter of 2020. It is the sharpest contraction since India started reporting quarterly data in 1996. Key Points Construction, manufacturing, trade, hotels and other services and mining were the worst-hit sectors This reflects ..
Month: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs
Topics: Economic growth • Gross domestic product
Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced
On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore economic packages Highlights Under the fifth tranche of the scheme, the finance minister announced seven ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Companies Act • Ease of Doing Business • Gross domestic product • IBC • Insolvency and Bankruptcy Code • MNREGA • nirmala sitaraman • Public sector undertakings in India • Swachh Bharath Mission