The Organisation for Economic Co-operation and Development (OECD) has marginally raised its GDP forecast for India to a contraction of 9.9% in 2020-21 (FY21) from its earlier projection of (-)10.2% in September 2020. OECD expects the GDP to rebound to 8% in 2021-22 (FY22) and 5% in 2022-23 (FY23).
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
In terms of the global economy, OECD expects the world GDP to contract 4.2% in 2020. This estimate was (-)4.5 per cent in September forecast. OECD has also projected the world economy to grow by 4.2 per cent in 2021 from an earlier forecast of 5 per cent. For 2022, Global GDP is projected at 3.7%.
Important takeaways for all competitive exams:
Did you know that tamarind is one of the most widely used tropical fruits in…
Did you know that olives have been grown for thousands of years and are considered…
Honorable President Droupadi Murmu on March 2 2026, launched four women-centric welfare schemes of the…
Varanasi has entered the Guinness World Records by planting 2,51,446 saplings within one hour. The…
The former Australia Captain Alyssa Healy retired from all forms of cricket. When Alyssa Healy…
Just days before the arrival of eight Botswana cheetahs, a major wildlife surprise emerged from…