Moody’s revises India 2020 GDP forecast to 8.9% contraction

Credit rating agency, Moody’s Investors Service has revised the Gross Domestic Product (GDP) forecast of India to -8.9 percent upwards for calendar year 2020 from the -9.6 percent contraction forecasted earlier. The agency forecasted in September 2020 that India’s GDP will contract by 9.6%. Other Key Points GDP forecast for calendar year 2021 for India ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs

Topics: Economic growth • GDP • Moody's • Reserve Bank of India

Moody’s revises estimate of India’s Growth

Global rating agency Moody’s has revised its forecast of India’s growth. It has estimated a double-digit contraction to be at 11.5% during the current fiscal year. Key Facts It has raised its expectations of economy’s performance in the upcoming fiscal to 10.6% from 8.7% earlier. Moody’s cited that the lock-down has impacted the economy severely. ..

Month: Current Affairs - September, 2020

Category: Economy & Banking Current Affairs

Topics: Economic Slowdown • Moody's • Moody's Analytics

World Bank Report

The World Bank in its latest Global Economic Prospect downgraded its projection of growth of India by -9%. However, the World Bank believes that Indian growth is to bounce back in 2021. Highlights The World Bank says that the growth of India has slowed by 4.2% in 2019-20. The other international rating agencies such as ..

Month: Current Affairs - June, 2020

Category: Reports & Indexes Current Affairs

Topics: CRISIL • Fitch Ratings • Global Economic Prospects • Moody's • South Asia • World Bank

Fifteenth Finance Commission to assess impacts of COVID-19

The Economic Advisory Council of the Fifteenth Finance Commission is to meet on April 23 and 24, 2020. The council is to discuss the impacts of COVID-19. Highlights A two-day meeting is to be held through video conference. The experts will discuss about macro variables over time. The agenda of the meet also includes public ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Advisory Council • COVID-19 • Economic growth • Fifteenth Finance Commission • Fitch Ratings • GDP • Growth rate • IMF • Moody's • World Bank

World Bank: India is expected to grow at 1.5% to 2.8%

On April 13, 2020, the World Bank released its report “South Asia Economic Focus”. According to the report, the Indian Economy is expected to grow at 1.5% to 2.8%. Key Highlights of the report The report says that India’s growth rate is to be the lowest since its balance of payment crisis in 1991. Earlier, ..

Month: Current Affairs - April, 2020

Category: Reports & Indexes Current Affairs

Topics: Asian Development Bank (ADB) • Economic growth • Fitch Ratings • GDP Growth Rate • Growth rate • growth rate of india • india-world bank • Moody's • World Bank