India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for the GDP growth of India from 3.6% in March to 1.9% for this fiscal year. This is the lowest in 29 years. The last time India saw ..
Inflation: GK, Current Affairs, Questions, Trivia and News
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish economy as inflation remains in a comfortable zone. This is the 5th consecutive rate cut ..
The Japanese financial services major Nomura has analysed the impact of the twin drone attacks which targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. The attacks wiped out more than half of Saudi Arabia’s crude supply. The attack has surged the ..
Prominent economist Abdalla Hamdok has taken charge as the new Prime Minister of Sudan and vowed to work towards ending the country’s economic crisis and establishing peace. In his new role, Hamdok will be tasked to deal with Sudan’s mounting economic problems viz. high inflation and unemployment after decades of poor governance. His biggest challenge ..
While there have been several media reports about how the precarious fiscal position in Rural India has lead to a slowdown in the FMCG sector of India, causing the food giants Britannia and Parle to slash production and jobs, respectively, the reasons behind the rising fiscal distress in rural India must be understood if we ..
The international financial conglomerate Goldman Sachs has listed weak investment and muted monetary transmission as two of the greatest challenges for the Indian Economy. What has happened? The Indian GDP growth had increased for an average of 6.7% in the time period of 2010-2014 to 7.3% in 2015-2019. Average inflation in India had fallen from ..
While Prime Minister Narendra Modi has promised to make India a USD 5 trillion economy by 2025, significant challenges still stand in way of India and its goal. For starters, the Indian economy has a size of USD 2.98 trillion (nominal GDP 2019 estimates). It needs to add 2.02 trillion more to its economic size ..
The Reserve Bank of India (RBI) in its monetary policy review undertaken by the Monetary Policy Committee (MPC) has made the following decisions: RBI cuts repo rate to 5.4% from the current 5.75%. Reverse repo rate under liquidity adjustment facility stands revised to 5.15%. Marginal standing facility (MSF) rate and the bank rate reduced to 6%. ..