{"id":119034,"date":"2021-07-28T08:02:01","date_gmt":"2021-07-28T08:02:01","guid":{"rendered":"https:\/\/www.edristi.in\/?p=119034"},"modified":"2021-07-28T08:03:19","modified_gmt":"2021-07-28T08:03:19","slug":"imf-cuts-indias-gdp-growth-forecast","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/imf-cuts-indias-gdp-growth-forecast\/","title":{"rendered":"IMF cuts India&#8217;s GDP growth forecast"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: What is the new GDP forecast rate of India\u2019s economy as per International Monetary Fund (IMF) recent report?<br><\/strong>a) 10%<br>b) 9.8%<br>C) 9.5%<br>D) 9%<br><strong>Ans: c<br>Context<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>On 27th July 2021, IMF has cut down India\u2019s GDP forecast to 9.5% for fiscal year of 2021-22.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IMF in its report has cut down its economic growth forecast for India to 9.5% for the fiscal year to March 31, 2022 as the onset of a severe second COVID-19 wave.<\/li><li>It is lower than the earlier forecast of 12.5% announced by IMF for the same fiscal year.<\/li><li>IMF joins a host of global and domestic agencies which have cut India&#8217;s growth estimates for the current fiscal.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Agency \/Organisation<\/strong><\/td><td><strong>Growth Forecast<\/strong><\/td><td><strong>Fiscal year<\/strong><\/td><\/tr><tr><td>S&amp;P Global Ratings<\/td><td>9.5%<\/td><td>2021-22<\/td><\/tr><tr><td>World Bank<\/td><td>&nbsp;8.3 %<\/td><td>2021-22<\/td><\/tr><tr><td>Asian Development Bank<\/td><td>10%<\/td><td>2021-22<\/td><\/tr><tr><td>Moody\u2019s<\/td><td>9.3%<\/td><td>2021-22<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Overall, the global economy is projected to grow 6 % in 2021 and 4.9 % in 2022.<\/li><li>Faster-than expected vaccination rates and return to normalcy have led to upgrades, while lack of access to vaccines and renewed waves of COVID-19 cases in some countries, notably India, have led to downgrades<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By kameshwar shukla<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reference: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/imf-cuts-indias-gdp-growth-forecast-to-95-for-fy22\/article35564592.ece\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.thehindu.com\/business\/Economy\/imf-cuts-indias-gdp-growth-forecast-to-95-for-fy22\/article35564592.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: What is the new GDP forecast rate of India\u2019s economy as per International Monetary Fund (IMF) recent report?a) 10%b) 9.8%C) 9.5%D) 9%Ans: cContext On 27th July 2021, IMF has cut down India\u2019s GDP forecast to 9.5% for fiscal year of 2021-22. Facts IMF in its report has cut down its economic growth forecast for [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":119040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-119034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/119034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=119034"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/119034\/revisions"}],"predecessor-version":[{"id":119042,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/119034\/revisions\/119042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/119040"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=119034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=119034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=119034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}