IMF cuts FY23 GDP growth forecast to 6.8% : As per the World Economic Outlook 2022 report, the International Monetary Fund (IMF) has cut the GDP growth forecast of India to 6.8% from 7.4% for 2022-23. October 2022 Current Affairs Quiz The IMF has also predicted that India will remain on track to become one of the […]
India’s space economy to be reach $13 billion by 2025 : As per the report, ‘Developing the Space Ecosystem in India: Focusing on Inclusive Growth’, India’s space economy is expected to touch $12.8 billion by 2025. October 2022 Current Affairs Quiz The report was released by the Indian Space Association (ISpA) and Ernst and Young.Reason: Increasing private participation, increased demand
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Nomura Prediction for India in FY24: Nomura predicts that India’s growth will drastically slow down to 5.2% in 2023–24 (FY24) from 7% in the current fiscal year due to the spillover effects of the global downturn. The Japanese brokerage batted for policy vigilance amid the global headwinds, and underlined that macro stability should be the priority,
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World Bank cuts India’s growth forecast to 6.5% for 2022-23: The World Bank has reduced the GDP growth forecast of India for 2022-23 to 6.5% from 7.5%. October 2022 Current Affairs Quiz Reason: The impact of the ongoing war in Ukraine, rising global interest rates and high inflation. The organization has also noted that slowing global demand will
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UNCTAD decline India GDP growth to 5.7% in 2022: As per the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022, the expected economic growth of India has been declined to 5.7%. October 2022 Current Affairs Quiz Reason: Higher financing cost and weaker public expenditures. The organization has also predicted that the GDP of country will
World Bank cuts 2022 East Asia growth outlook : The World Bank has reduced the expected growth in the East Asia and Pacific region for 2022 to 3.2% from 5.0% (earlier forecast). The previous year growth of East Asia and Pacific region was 7.2%. September 2022 Current Affairs Quiz Reasons: Due to sharp slowdown in China that caused by its strict
ADB cuts GDP growth forecast of India for FY23 to 7%: The Asian Development Bank (ADB) has reduced the economic growth projection of India for 2022-23 to 7% from 7.2%. September 2022 Current Affairs Quiz Reason: Higher inflation and monetary tightening. The economy of India has been grew 13.5% year-on-year (Y-o-Y) in the first quarter of 2022-23, that shows
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Gross Direct Tax Collection Registered Growth of 30% in 2022-23: The Central Board of Direct Taxes(CBDT) in a statement said that the net direct tax collections so far this financial year are at ₹700,669 crore, an increase of 23% as compared to ₹568,147 crore till the same period of the corresponding financial year. The total includes corporation tax of ₹368,484 crore and personal income
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India Ratings Cuts FY23 GDP Growth Forecast to 6.9%: India Ratings became the latest agency to cut its FY23 gross domestic product forecast. The ratings agency cut the forecast to 6.9 per cent from 7 per cent, joining other institutions who have cut their projections to below 7 per cent since the release of the April-June quarter GDP data. September 2022
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Air India Unveiled Transformation Plan Vihaan.AI : Air India, a Tata group-owned airline, unveiled a comprehensive Vihaan.AI to establish itself as a world-class global airline of Indian origin. September 2022 Current Affairs Quiz The plan aims to focus on growing both its network and fleet, revamping its customer’s proposition, enhancing reliability and on-time performance, taking a leadership role in technology,
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