Organisation for Economic Co-operation and Development (OECD) has released its Economic Outlook. In its Economic Outlook, the intergovernmental economic organisation has forecasted Indian Economy to contract to 3.7% in the fiscal year 2020-21. It also stated that if there is a second COVID-19 outbreak in the country, then its growth will drop further to -7.3%.
Click Here To Get Test Series For SBI PO 2020
OECD’s Economic Outlook also forecasts India’s growth to recover to 7.9% in the ‘single-hit’ scenario while it expects an 8.1% rebound in the ‘double-hit’ Covid-19 scenario in the fiscal year 2021-22.
Find More News on Economy Here
The Government of India has recently notified the expansion of the Credit Guarantee Scheme for…
The first round of negotiations for the India–New Zealand Free Trade Agreement (FTA) concluded successfully…
The term "Bunyan Ul Marsoos" recently gained attention after Pakistan named a military operation against…
India’s robust economic reforms, consistent fiscal consolidation, and resilient banking system have led global credit…
Kamikaze drones, also known as loitering munitions or suicide drones, are a unique class of…
In a significant move, the Board of Control for Cricket in India (BCCI) has temporarily…
![](data:image/svg+xml;charset=utf-8,<svg height="225px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
