India’s GDP is likely to have grown at 1.3% in the fourth quarter of 2020-21 and may have contracted by about 7.3% for the full financial year, according to an SBI research report ‘Ecowrap’. The National Statistical Office (NSO) will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
State Bank of India (SBI) has developed a ‘nowcasting model’ with 41 high-frequency indicators associated with industry activity, service activity, and the global economy in collaboration with the State Bank Institute of Leadership (SBIL), Kolkata. The economics research team said that going by the estimate of 1.3% GDP growth, India would still be the fifth-fastest-growing country among 25 nations that have released their GDP numbers so far.
Important takeaways for all competitive exams:
Did you know that cyber crime is growing faster than many traditional crimes in today’s…
Did you know that India is home to one of the most loved rice dishes…
Adobe has partnered with NVIDIA to enable 3D digital twin technology for scalable marketing content…
The United States has temporarily waived the 100 year old Jones Act for 60 days.…
Historian William Dalrymple has won the prestigious Mark Lynton History Prize 2026. He won the…
India and Indonesia have strengthen the cultural ties by collaborating on the restoration of the…