IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

Month: Current Affairs - June, 2020

Category: Reports & Indexes Current Affairs

Topics: China • developing countries • Economic growth • GDP growth • International Monetary Fund (IMF) • Per capita Income • World Economic Outlook

Rich MPs of Poor India

The average annual per capita income in India stands at around one lakh rupees. But their representatives are Crorepathis. The NGO Association for Democratic Reforms (ADR) working for electoral and political reforms makes the following observations about the crorepati MPs: Results of the recently concluded Lok Sabha Elections show that richer the candidate the brighter ..

Topics: Association for Democratic Reforms • internal democracy • Lok Sabha • Money power • MP • Per capita Income

CSO releases advance estimates of National Income for 2018-19

The Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation has released the first advance estimates of National Income for 2018-19. Highlights of the Estimate The Estimate makes the following observations: The Indian economy is expected to grow at 7.2 per cent in the financial year 2018-19 which is higher than the ..

Month: Current Affairs - January, 2019

Topics: Central Statistics Office • Consumer Price Indices • CSO • Index of industrial production • Ministry of Statistics and Programme Implementation • Per capita Income

What is Catch Up Effect?

Catch Up Effect refers to the faster growth is observed in poor and developing economies in comparison to the ones with a higher per capita income and gradually reach the same levels. It shows that there is a possibility that all the economies may combine as far as income per head is concerned gradually. Thus ..

Topics: Per capita Income

General Compendium-1

What is a “Casting Vote in India Politics?Speaker’s Vote in Loksabha is known as Casting Vote. What is “Cultural Revolution of China“?Cultural Revolution in the People’s Republic of China was a period of widespread social and political upheaval; the nation-wide chaos and economic disarray engulfed much of Chinese society between 1966 and 1976. It was ..

Topics: Bihar • Bihar Movement • India • Jayaprakash Narayan • Monetary Policy • Nagabhairava Jaya Prakash Narayana • Narasimham • Open market operation • Per capita Income • Ranjit Singh Sarkaria • Sarkaria Commission • The Emergency