South Asia Current Affairs, GK & News

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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World Investment Report released by UNCTAD

On June 16, 2020, the United Nations Conference on Trade and Development released its World Investment Report, 2020. According to the report, India is the 9th largest recipient of FDI in 2019. Key Findings: India According to the report, the FDI of India has increased from 42 billion USD in 2018 to 51 million USD ..

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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 ..

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Environment Performance Index: India ranks 168

The Yale University recently released the biennial Environment Performance Index. India scored 168th rank out of 180 countries. In 2018, India scored 27.6 out of 100 and secured 177th rank. About the report Around 32 indicators were considered to create the ranking. Also, the index provided 10-year observation on environmental performance at national and international ..

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SAARC

Prime Minister Modi’s suggestion for the use of the SAARC platform to tackle the COVID-19 pandemic has been welcomed by the member nations. Background of SAARC The idea for the establishment of SAARC (South Asia Association for Regional Cooperation) was proposed in 1980. The focus areas of the international grouping were decided upon by the ..

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