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 a strategic move to bolster its financial services division, Paytm has announced significant leadership…
West Bengal's political landscape boasts a legacy of dynamic leadership, with a succession of Chief…
The Reserve Bank of India (RBI) has disclosed that 97.76% of the Rs 2000 denomination…
The People's Republic of China has reclaimed its throne as the top badminton nation, clinching…
In response to a public interest litigation (PIL) on child marriage, the Rajasthan High Court…
In a remarkable feat, The Hindu secured three prestigious awards at the 6th International Newspaper…