India's GDP Current Affairs, GK & News

OECD FY23 growth forecast for India

The Organisation for Economic Cooperation and Development (OECD) has reduced India’s growth to 6.9% growth in Financial Year 2023 from 8.1% estimated earlier. Key Facts Growth was also slashed to 6.2 percent in 2023. OECD further expects policy rate to increase to 5.3% by the end of 2022 and remain same in 2023. It is ..

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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 reduced after considering the supply-chain pressure, inflationary pressures, and geopolitical tensions because of Russia’s invasion ..

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World Bank Report- Shifting Gears: Digitization and Services-Led Development

As per World Bank’s report titled “Shifting Gears: Digitization and Services-Led Development”, Indian economy is expected to increase by 8.3% in the fiscal year 2021-2022. Key findings of report As per report, in the next financial year, India’s economic prospects will be determined by its pace of vaccination against covid-19 and successful implementation of agriculture & ..

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