Categories: Economy

UN lowers India’s GDP growth rate to 5.7% for FY 2019-20

The United Nations has lowered India’s GDP growth rate to 5.7% for the Fiscal Year 2019-20 in its World Economic Situation and Prospects (WESP) 2020 report. UN has lowered the growth rate to 5.7% from 7.6% which it projected in its WESP 2019 report.

UN has also projected India’s growth rate at 6.6% for FY 2020-21 and 6.3% for FY 2021-22. According to the UN, India’s growth rate for FY 2018-19 was 6.8%.

Important takeaways for all competitive exams:

  • Headquarters of United Nations: New York, USA; Founded: 24 October 1945.
  • Secretary-General of the United Nations: Antonio Guterres.

Find More News on Economy Here

Recent Posts

Today Top 10 Current Affairs 23rd November 2024 Questions and Answers

The Daily Current Affairs Quiz which keeps you updated with the current events happening all…

1 hour ago

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

14 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

15 hours ago

Ustad Bismillah Khan Yuva Puraskar For 2022 and 2023

The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…

15 hours ago

Top 10 Most Sustainable Economies in 2024: India’s Position Explained

The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…

15 hours ago

Who is Known as the Frontier Gandhi?

The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…

16 hours ago