Growth Forecast Current Affairs, GK & News

India’s Economic Advisory Council’s Growth Forecast

Members of the Prime Minister’s Economic Advisory Council (EAC-PM) met on November 18 in New Delhi to assess India’s growth prospects. Highlights EAC-PM members were positive regarding real and nominal growth forecasts in Fiscal Year 2022-2023. looking beyond current fiscal year (FY21-22). All the members unanimously agreed that budget for 2021-22 was well taken across ..

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S&P Cuts India’s Growth Forecast to 9.5%

Global rating agency, S&P, has cut India’s growth forecast for fiscal year 2021-2022 to 9.5 per cent. Earlier, it was kept at 11 per cent. Highlights Rating agency has warned of risk to the growth rate from upcoming waves of COVID-19 pandemic. S&P lowered growth projecting because lockdown, induced as a result of severe second ..

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CRISIL cuts India’s GDP forecast to 9.5% from 11%

Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..

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OECD interim ‘Economic Outlook’

The Organisation for Economic Co-operation and Development (OECD) published its interim Economic Outlook on March 9, 2021. It has projected that the Indian economy will grow at the rate of 12.6% in Financial Year 2022. This will be the highest among G20 countries. Highlights The economic outlook is aided by the additional fiscal support after ..

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ADB retains India’s growth forecast at 7.3% for FY19

Asian Development Bank (ADB) in its Outlook Supplement has retained India’s growth forecast at 7.3% for current fiscal (2018-19) and 7.6% in following financial year (2019-20). It held that India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output. Key Facts India saw GDP growth moderate to 7.1% in Q2 of ..

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