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Key Findings of ‘Drought in Numbers, 2022’ report

May 21, 2022

“Drought in Numbers, 2022” report was presented recently by the United Nations Convention to Combat Desertification (UNCCD). The report involves the collection of data on the effects of droughts globally and how droughts can be mitigated. What did the report ..

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World Bank: India’s GDP Forecast- Update

April 15, 2022

For the fiscal year 2022-23, India’s GDP forecast has been slashed by the World Bank from 8.7 percent to 8 percent. The reason given for the change in forecast is due to rising inflation and worsening global supply caused due ..

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Contribution of YouTube Creators to Indian GDP

March 4, 2022

The growing creator ecosystem of YouTube has contributed Rs 6,800 crore to the GDP of India and has supported 6,83,900 full-time equivalent jobs in the country in 2020. This statement has been issued by an independent report done by Oxford ..

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Moody’s India Growth Forecast- Update

February 25, 2022

The GDP growth prediction for India has been raised by Moody’s Investors Service. The prediction for the current financial year has been raised to 9.5 percent from 7 percent. Overview: The GDP forecast has been increased citing an economic recovery ..

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Nomura Business Resumption Index- Update

February 22, 2022

For the week which ended on 2oth February, the Nomura India Business Resumption Index (NIBRI) reached a record high of 122.8, up from 119.5 the previous week. Overview: The Index showed weak demand due to rising inflation and the scarring ..

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NSO First revised FY21 GDP estimates

February 1, 2022

The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to COVID pandemic ..

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IMF Annual Report on India

October 16, 2021

The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities ..

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India’s economic growth downgraded to 10% by ADB

July 20, 2021

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 ..

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BIS: India’s bank credit-to-GDP ratio grows 56% in 2020

June 26, 2021

As per the latest data from Bank for International Settlements (BIS), incremental credit growth has decreased to 59-year low at 5.56% in Financial Year 2021. Key points As per data, bank credit-to-GDP ratio has increased to a five-year high at ..

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Costs of Climate Change in India report- GDP to reduce annually

June 10, 2021

London-based global think tank Overseas Development Institute published its report called “Costs of Climate change in India”. The report analyses economic costs of climate-related risks in country and possibility of increased inequality & poverty. Key Findings As per report, climate ..

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