Growth Projections Current Affairs, GK & News
Moody’s Investors Service has reduced India’s growth forecast to 9.6 per cent for 2021 from the earlier forecast of 13.9 per cent. According to it, growth will restrict to 7 % in 2022. Highlights Growth forecast was published in its report called ‘Macroeconomics India: Economic shocks from second COVID wave will not be as severe ..
Month: Current Affairs - June, 2021
Recently, the International Monetary Fund (IMF) has released the “World Economic Outlook, 2021” report. Key Findings of report The report highlights that, India will witness the strongest growth among the main economies. India’s economy will expand by 11.5 percent in 2021 as opposed to the 8.8 percent growth that was predicted in October 2020. However, ..
Category: Reports & Indexes Current Affairs
The Asian Development Outlook 2018 released by Asian Development Bank (ADB) has projected India’s economic growth to 7.3% in 2018-19 fiscal and further to 7.6% in 2019-20 fiscal. The ADB’s growth projection is in line with that of rating agency Fitch, but is lower than Reserve Bank of India’s (RBI) forecast of 7.4%. Asian Development ..