India will be third largest economy by 2027-28: Piyush Goyal– In a recent address to the Indian diaspora community in France, Union Minister Piyush Goyal announced that India is set to become the third-largest economy in the world by 2027. India, the world’s fifth-largest economy, has experienced annual growth rates of around 7% on average […]
India will be third largest economy by 2027-28: Piyush Goyal Read More »
Global trade expected to grow 1.7% in 2023: WTO: Despite ongoing concerns about the Ukraine conflict, high inflation, and financial insecurity, the World Trade Organization (WTO) has increased its forecast for global trade growth in 2023 from 1% to 1.7%. This updated outlook indicates that the global economy is expected to recover faster than previously
India could become world’s second-largest solar manufacturer by 2026: With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will quickly become self-sufficient and the second-largest PV manufacturing country after China, finds a new joint report from the Institute for Energy Economics and Financial Analysis
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Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore: According to data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit reached 82.8% of the full-year target at the end of February. The fiscal deficit represents the gap between the government’s expenditure and revenue
Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore Read More »
India’s forex reserves rise $5.98 billion to $578.78 billion: The Reserve Bank of India (RBI) reported that India’s foreign exchange reserves increased for the second week in a row, reaching USD 578.778 billion in the week ending March 24. This indicates a rise of USD 5.978 billion in the week. March 2023 Current Affairs Quiz
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India’s Fixed Communication Services Predicted to Grow at 6.4% CAGR: According to a recent GlobalData report, India’s fixed communication services revenue is expected to grow at a compound annual growth rate (CAGR) of 6.4%, rising from $10.2 billion in 2022 to $13.9 billion in 2027. The growth will be mainly driven by the fixed broadband
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S&P keeps India’s economic growth forecast unchanged at 6% for FY24: S&P Global Ratings has maintained its earlier forecast for India’s economic growth rate of 6% in the fiscal year beginning April 1, with an increase to 6.9% the following year. In its latest quarterly economic update for Asia-Pacific, S&P predicted that the inflation rate
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Government hikes raw jute MSP Rs 300 to Rs 5,050 per quintal : Cabinet Committee on Economic Affairs (CCEA) on 24 March increased the minimum support price (MSP) of raw jute by Rs 300 to Rs 5,050 per quintal for 2023-24 season. March 2023 Current Affairs Quiz An overview of the news The approval is based on the recommendations of the
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Indian economy to grow at 7%; inflation set to moderate: Finance Ministry– Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry said on Monday. March 2023 Current Affairs
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CRISIL forecasts India’s GDP growth at 6% for next FY against NSO’s projection of 7%: CRISIL expects India’s gross domestic product (GDP) growth to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistics Office (NSO) for fiscal 2023. March 2023 Current Affairs Quiz Why the India’s GDP Growth On a Downturn:
CRISIL forecasts India’s GDP growth at 6% for next FY against NSO’s projection of 7% Read More »
