Global Economy

OECD raises FY24 India growth forecast to 5.9 per cent

The Organisation for Economic Cooperation and Development (OECD) has increased its growth projection for India by 20 basis points to 5.9% for the fiscal year 2024, according to its latest interim outlook report titled "Fragile Recovery." Buy Prime Test Series...

World Bank Predicts India’s Economic Growth to Slow to 6.9% in FY23

India's growth is expected to slow to 6.9 per cent in Financial Year 2023, a 0.6 percentage point decrease since June, as the global economy and rising uncertainty weigh on export and investment growth, according to the World Bank. However,...

World Economy Seems Headed For A Recession, Compounded With Inflation

The global economy seems headed for a severe recession and parallels are being drawn with the global financial crisis of 2008 and the slowdown brought about in 2020 by the Covid-19 pandemic. A lot of hope that any serious setback...

IMF Forecast: Global GDP Growth to drop, India’s inflation to drop by 4% next year

International Monetary Fund, IMF Forecast: The International Monetary Fund made predictions that India's global growth will drop from 6% in 2021 to 3.2 % in 2022 and 2.7 % in 2023. With the exception of the global financial crisis and...