The United Nations (UN) has cut its GDP growth forecast for India for calendar year 2023 to 5.8 percent, citing the effect of tighter monetary policy and weak global demand. Growth in India is expected to remain strong at 5.8 percent, albeit slightly lower than the estimated 6.4 percent in 2022, as higher interest rates and a global slowdown weigh on investment and exports, the UN’s World Economic Situation and Prospects 2023 report, published, said.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
On Indian inflation, the UN report said headline retail inflation is expected to average 5.5 percent in 2023, down from 6.7 percent in 2022.
High and persistent inflation globally suggests scope for international coordination among central banks to minimise the negative spillover effects of aggressive monetary tightening on the global economy, especially among vulnerable developing countries.
Mumbai Indians secured their second WPL title in three seasons, defeating Delhi Capitals by 8…
The Women's Premier League kicks off again on February 23rd, with a rematch of last…
France is home to many beautiful and historic cities, each with its own unique charm.…
Canada is a country known for its love of sports. Many games are played across…
India finished on top of the medal tally at the World Para Athletics Grand Prix…
Some people leave a lasting impact on the world with their talent, creativity and hard…