Growth Forecast
World Bank: India’s FY23 GDP forecast
On June 7, 2021, the World Bank reduced its real gross domestic product (GDP) growth forecast for year 2022-23 for India from 8 per cent to 7.5 per cent in the “Global Economic Prospects Report”. Key Findings of the report This forecast was ..
Month: Current Affairs - June, 2022
Category: Reports & Indexes Current Affairs
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 ..
Month: Current Affairs - November, 2021
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - June, 2021
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 ..
Month: Current Affairs - March, 2021
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 ..