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:
The "Seven Sisters of Petroleum" were seven very powerful oil companies that controlled most of…
Flowers often represent the identity and culture of a place. They are chosen not only…
Deserts are places where very little rain falls and the weather is often extreme. Asia…
India's digital payments ecosystem continues to expand rapidly with UPI QR codes are growing by…
Chief Executive Officer and Managing Director of Air India Campbell Wilson has stepped down before…
Government of India has officially declared the Amaravati as the sole capital of Andhra Pradesh…