Rating Agency Morgan Stanely has projected India’s GDP growth forecast for 2022-23 (FY23) at 7.9%. This is 50 bps less than its earlier projection due to the impact of the Russia-Ukraine conflict on oil prices. Furthermore, Stanley raised the country’s retail inflation estimate to 6%, meanwhile, current account deficits are seen to widen by 3% of GDP.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
India is affected through three key channels — higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment. Analysts at the brokerage also raised their inflation forecast to 6 per cent – the upper end of the tolerance band for the RBI – and flagged stagflation risks because of the ongoing events.
Can you imagine a place where the city and the country are exactly the same.…
Recent seismic activity across the world has once again brought earthquakes into global headlines. On…
Current Affairs preparation plays an important role in scoring well in the RRB NTPC CBT-2…
The Gupta Empire of the Ancient India is often called as the "Golden Age of…
On 25th June, 2026 World Vitiligo Day observed worldwide and this day serves as the…
In India, issues such as gender discrimination, female foeticide, unequal opportunities, child marriage, and negative…