SBI economists, in its research report “Ecowrap”, has sharply cut the GDP growth estimates for the Indian economy to 7.9 per cent in FY22, compared to an earlier projection of 10.4 per cent. This is the lowest growth rate estimate for India among all analysts.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The key factor for revision in the growth estimate is the impact of the second wave of COVID-19 infections. The SBI economists project a “W-shaped” recovery in FY22, with two troughs, instead of the earlier anticipated “V-shaped” recovery.
Important takeaways for all competitive exams:
In 2024, India lost several legendary figures who made remarkable contributions to art, literature, sports,…
Dr. Manmohan Singh, a brilliant economist and statesman, served as the 13th Prime Minister of…
India continues to establish itself as one of the leading global economies in 2024, with…
Indian public sector banks (PSBs) have reported strong profitability, with a 25% increase in net…
Nvidia has recently announced the launch of its Jetson Orin Nano Super Generative AI supercomputer,…
Osamu Suzuki, the long-serving chairman and CEO of Suzuki Motor Corporation, passed away at the…