The International Monetary Fund (IMF) has sharply cut India’s economic growth projection by 300 basis points, from 12.5 per cent to 9.5 per cent for the financial year 2021-22 (FY22). The downward revision in the GDP growth rate is due to a lack of access to vaccines and the possibility of renewed waves of coronavirus.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
For FY23 (2022-23), IMF has estimated the gross domestic product (GDP) of India at 8.5 per cent, which is 160 basis points higher than its earlier projection of 6.9 per cent. In the case of the global economy, IMF has projected 6.0 per cent growth in 2021 and 4.9 per cent in 2022.
Important takeaways for all competitive exams:
Apple Inc. is among the world's leading technology firms, having grown from being a Silicon…
G7 vs BRICS comparison has become increasingly relevant in light of the shifting balance of…
Lucknow tops among the million-plus cities in the Swachh Vayu Sarvekshan 2026 with respect to…
International Literacy Day is celebrated annually on September 8 with the intention of bringing to…
The Himalayan nation of Nepal is popular for its majestic mountains, valleys, and river systems.…
The Board of Control for Cricket in India (BCCI) continues to reign supreme in terms…