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 ..
Month: Current Affairs - July, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: fifth-largest foreign exchange reserve holder • Forex Reserves • India’s Forex Reserves • Indian Economy • Reserve Bank of India (RBI)
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 ..
Month: Current Affairs - March, 2021
Category: Reports & Indexes Current Affairs
Topics: CRISIL • Economic growth • Growth Forecast • Indian Economy • Organisation for Economic Co-operation and Development • World Economic Outlook
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 ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
Topics: Economic Slowdown • Gross value added • ICRA • Indian Economy • Rural economy
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 ..
Month: Current Affairs - July, 2020
Category: India Nation & States Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Food Processing • Harsh Vardhan • Indian Economy • Make in India • Ministry of Health and Family Welfare • TIFAC
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 ..
Topics: COVID-19 • DST • Indian Economy