World Bank has released Global Economic Prospects report. In its report, the World Bank has projected India’s growth rate at 5% for fiscal year 2020. It has also projected India’s growth rate at 5.8% for fiscal year 2021. The report stated the weakness in credit from Non-Banking Financial Companies (NBFCs) as the root cause for lowering the growth rate from 6% to 5%. While the global economic growth is likely to increase to 2.5% in fiscal year 2020.
Important takeaways for all competitive exams:
Russia’s S-500 Missile System, officially known as 55R6M “Triumfator-M” or Prometey, is shaping the future…
India–Russia relations continue to evolve in a changing global order. Ahead of President Vladimir Putin’s…
India has many cities known for their unique identity, and some of them are famous…
Global credit rating agency Fitch Ratings has revised India’s GDP growth forecast for FY26 to…
In a landmark shift in Pakistan’s military command structure, Field Marshal Asim Munir has been…
India’s Smart Cities Mission (SCM), launched in 2015, is entering its final stretch with an…