The International Monetary Fund (IMF) has pegged the Indian economy to contract by 8 per cent in the current financial year 2020-21, in its latest World Economic Outlook, released on 26 January 2021. The IMF expects GDP of India to rise to 11.5 per cent in the next financial year i.e. 2021-22.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
Apart from this, the IMF projected the global growth to contract at 3.5 per cent in 2020. The global economy is projected to grow by 5.5 per cent in 2021 and 4.2 per cent in 2022 as per the IMF.
Important takeaways for all competitive exams:
In an important development in India’s judiciary, Justice Manoj Kumar Gupta was appointed as the…
A heart-touching and socially meaningful incident took place in Visakhapatnam (Andhra Pradesh), where a book…
India’s fintech ecosystem achieved a key regulatory milestone as Skydo received final authorisation from the…
World Hindi Day 2026 (also known as Vishwa Hindi Diwas) is observed every year on…
Many cities around the world are given special names because of what they are best…
In ancient India, many powerful kings ruled large empires and were known for their bravery,…