{"id":7335,"date":"2020-01-11T07:06:31","date_gmt":"2020-01-11T07:06:31","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=7335"},"modified":"2020-01-13T18:04:17","modified_gmt":"2020-01-13T18:04:17","slug":"world-bank-cuts-indias-fy20-growth-estimates-to-5","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/world-bank-cuts-indias-fy20-growth-estimates-to-5\/","title":{"rendered":"World Bank cuts India&#8217;s FY20 growth estimates to 5%"},"content":{"rendered":"\n<p>World Bank cut its India&#8217;s growth forecasr for financial year 2020 to 5% from the estimated growth of 6% earlier. The multilateral development lender also expects India&#8217;s growth to pick up slightly to 5.8 per cent in the next fiscal. World Bank&#8217;s Global Economic Prospects report stated weakness in credit from non-banking financial companies (NBFCs) as one of the primary reasons behind the growth rate cut.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current\nAffairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<p>World Bank&#8217;s estimates are in line with the other\npredictions. The State Bank of India also reduced the GDP growth forecast for\nFY20 to 4.6 per cent from the earlier 5 per cent. The SBI Ecowrap report has\npredicted the growth rate to remain below 6 per cent for two years in a row.&nbsp; As for the global growth, the World Bank\nshaved 0.2 percentage point off of growth for calendar years 2019 and 2020 at\n2.4 per cent and 2.5 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank cut its India&#8217;s growth forecasr for financial year 2020 to 5% from the estimated growth of 6% earlier. The multilateral development lender also expects India&#8217;s growth to pick up slightly to 5.8 per cent in the next fiscal. World Bank&#8217;s Global Economic Prospects report stated weakness in credit from non-banking financial companies (NBFCs) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":7336,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[871,8],"tags":[186],"offerexpiration":[],"class_list":["post-7335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-january-2020","category-current-affairs","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=7335"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7335\/revisions"}],"predecessor-version":[{"id":7337,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/7335\/revisions\/7337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/7336"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=7335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=7335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=7335"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=7335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}