Global Economic Prospects report 2019: Key Facts about India

The World Bank has released the Global Economic Prospects report 2019 titled “Darkening Skies”. The key findings of the report related to India are: India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 ..

Month: Current Affairs - January, 2019

RBI proposes loan restructuring of MSMEs

The RBI has proposed a one-time loan restructuring scheme for micro, small and medium enterprises (MSMEs). The loan restructuring would be a big relief for troubled small businesses hit by demonetisation in late 2016 and the implementation of goods and ..

Month: Current Affairs - January, 2019

IMF lowers India's growth forecast to 6.7 %

The International Monetary Fund (IMF) in its October World Economic Outlook (WEO) has lowered India’s economic growth forecast at 6.7% in 2017 and 7.4% in 2018. It is slower than 0.5 and 0.3 percentage points projected earlier by IMF. In ..

Month: Current Affairs - October, 2017

BMI Research: India to have a GDP Growth of 6.9% in this Fiscal 

According to BMI Research, a Fitch group company, India is expected to register a growth of 6.9% in this financial year. BMI Research was founded in 1984 by Business Monitor International and later in 2014, it was acquired by Fitch Group. ..

Month: Current Affairs - July, 2017