Indian Economy Current Affairs, GK & News

India: 5th largest Forex reserve holder in the world

As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS Finance.   Key Points The Reserve Bank of India and the Government of India are ..

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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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Indian Economy to Shrink by 9.5% in FY 2020-2021: ICRA

The credit rating agency, ICRA, has predicted that the Indian economy will see a major slowdown in the current fiscal and it is expected to contract by around 9.5% in the Financial Year 2020-2021. The agency had earlier predicted a slowdown of 5% for the Indian Economy. The reason behind this revision has been shown ..

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GoI: White Paper released on Focused Interventions for Make in India

On July 10, 2020, the Union Health and Family Welfare Minister Dr Harsh Vardhan released white paper on “Focused Intervention for Make in India”. Highlights The document released outlines technology and policy imperatives required to revive Indian Economy. The white paper was prepared by TIFAC (Technology Information, Forecasting and Assessment Council). About the White Paper ..

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TIFAC

The TIFAC is to come up with a white paper on strategizing the revival of the Indian economy after the COVID-19 pandemic runs its course. Key Focus of the White Paper The think tank is to come up with strategies for reviving the Indian economy after the COVID-19 crisis. It is to focus on: Strengthening ..

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