India's economic growth Current Affairs, GK & News

India’s Economic Growth

Projections by the IMF As per the latest projections made available by the International Monetary Fund (IMF), it has cut India?s growth forecast for 2019-20 to 7%. In its earlier forecast made available in April, it had reduced India’s growth projection to 7.3% on poor demand conditions. The IMF?s World Economic Outlook had also cut ..

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Economic Survey 2021-22- Highlights

The Economic Survey 2021-22 was tabled in Parliament on January 31, 2022 by Finance minister Nirmala Sitharaman. Who prepared the Economic Survey? Economic Survey 2021-22 was prepared by a team led by principal economic adviser Sanjeev Sanyal. The survey is a single volume with separate set of statistical tables, as opposed to two volume formats ..

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Second Round of Quarterly Employment Survey

The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted to 85% of the total employment of the country. The survey was for the period July to September 2021. Key Findings of the Survey The total employment ..

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ICRA’s forecast of Indian GDP Growth

Ratings agency ICRA revised its Indian GDP growth estimate, recently. Highlights According to ICRA’s estimate, there was an upward growth of 7.9 % in the second quarter of financial year 2021-22. An increase in government spending in September resulted to an upgrade of GDP growth estimate in the second quarter. As per earlier estimate, real ..

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IMF Annual Report on India

The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities against inflationary pressures. IMF also recommended a slow reduction in monetary policy support in the ..

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India’s economic growth downgraded to 10% by ADB

The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 % from 11% that it had previously projected in the month of April. This downgrade was done taking into account the adverse impact of the second wave of the Coronavirus pandemic.   Highlights In the last quarter of ..

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