According to ‘World Economic Outlook’ report, the International Monetary Fund (IMF) has projected the Indian economy to contract by 10.3 per cent in 2020-21, from its earlier prediction of 4.5 per cent due to rise in Covid cases.
WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
However, IMF estimates the GDP of India to grow at 8.8 per cent in 2021-22, as compared to 6 per cent predicted earlier, regaining the position of the fastest-growing emerging economy. On the other hand, the Fund expects the world economy to contract by 4.4 per cent in 2020. This projection was -5.2 per cent earlier.
Important takeaways for all competitive exams:
Political science is the study of politics, governments, and how societies are organized. It is…
The Confederation of Indian Industry (CII) has established a strategy cell in Coimbatore, with the…
Delhi government expanded its old-age pension scheme to include an additional 80,000 senior citizens, raising…
The Ministry of Tourism undertakes a variety of promotional activities aimed at showcasing India's tourism…
Haryana, located in northern India, is known for its rich agricultural heritage, vibrant culture, and…
The Union Minister of Rural Development and Agriculture & Farmers' Welfare, Shri Shivraj Singh Chouhan,…