Page-5 of Economic growth

Global Economic Prospects Report

January 6, 2021

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to ..

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Asian Development Outlook

December 11, 2020

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that ..

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What is V-Shaped Recovery?

December 4, 2020

A V-shaped recovery is a type of economic recession and recovery that resembles the shape of alphabet V in charting. A V-shaped recovery involves a sharp revival of the economy to the previous peak after a sharp decline. The Finance ..

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RBI Monetary Policy Committee Meeting: Key Highlights

December 4, 2020

The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate ..

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Malaysia hosts APEC Summit

November 23, 2020

The Asia Pacific Economic Cooperation was recently hosted by Malaysia. Several leaders of the cooperation joined the summit. The Summit was attended by the US President Donald Trump as well. The next APEC meeting is to be hosted by New ..

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India to host G20 Summit in 2023

November 23, 2020

The G20 summit of 2020 was hosted by Saudi Arabia recently. The subsequent G20 summits are to be held in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024. About G20 summit, 2020 The main focus ..

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

November 12, 2020

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 ..

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GDP contracted by 23.9 % in first quarter of 2020-2021

September 2, 2020

According to the recent National Statistical Office (NSO) data, India’s Gross Domestic Product (GDP) growth contracted by 23.9% in the first (April-June) quarter of 2020. It is the sharpest contraction since India started reporting quarterly data in 1996. Key Points ..

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IMF: World Economic Outlook

June 25, 2020

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, ..

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COVID-19: Fifth Recession of India

June 16, 2020

Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is defined as the fall in economic activities of the country along with ..

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