Global Economic Prospects Report by World Bank

Indias recovery has been hampered by the largest outbreak in any country since the pandemic began
Sheena

Updated: Jun 14, 2021 12:02:28 pm

14 June 2021 Current Affairs:The World Bank published its June 2021 Global Economic Prospects.  It predicts that India's GDP will grow by 8.3 percent in 2021-22.  The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24. 

Highlights:
♦ The global economy is expected to grow at a rate of 5.6 percent, the fastest rate of post-recession growth in eighty years. 
♦ However, global output will still be 2% lower than pre-pandemic projections by the end of the year.
♦ India’s recovery has been hampered by the largest outbreak in any country since the pandemic began
♦ The forecast for FY22 (8.3 percent) accounts for expected economic damage from a massive second Covid-19 wave and localised mobility restrictions beginning in March 2021. 
♦ Growth is expected to slow to 7.5 percent in 2022-23 as a result of the pandemic's effects on the financial position of households, businesses, and banks.
 
Free Current Affairs to Your Email

Latest Current Affairs 2021

Important Days

Rose Day Is Observed On 22 September For The Welfare Of Cancer Patients.

Sep 22,2021 05:35:30 pm
World Rose Day is celebrated to give hope to cancer patients struggling worldwide on 22 September.
Fresherslive . 13 hours ago
Agreements MoU

Centre And Csc E-governance Services India Limited Signs Model MoU

Sep 22,2021 05:29:57 pm
Under the Ministry of Consumer Affairs, The Department of Food and Public Distribution and CSC E-Governance Services have signed a model MoU.
Fresherslive . 13 hours ago
Awards and Honours

President Awards National Florence Nightingale Award 2020 To Brigadier S V Saraswati

Sep 22,2021 05:24:29 pm
The National Florence Nightingale award 2020 was awarded to Brigadier S V Saraswati by President Ramnath Kovind.
Fresherslive . 13 hours ago
Defence

Surya Kiran - Indo-Nepal Joint Military Training Exercise Commences At Pithoragarh

Sep 22,2021 05:19:38 pm
The Indo- Nepal joint military Training Exercise, Surya Kiran, began on 20 September at Pithoragarh, Uttarakhand.
Fresherslive . 13 hours ago
Index / List

India Climbs to 46th Rank in The Global Innovation Index.

Sep 22,2021 05:16:30 pm
India climbs the Global Innovation Index (GII) 2021, ranked by World Intellectual Property Organization (WIPO), and lands on 46th Rank.
Fresherslive . 13 hours ago
Defence

SCO Exercise Peaceful Mission 2021 Launches Its 6th Edition At Orenburg

Sep 22,2021 05:12:14 pm
The 6th Edition of "Peaceful mission 2021", SCO exercise was inaugurated at Orenburg, Russia.
Fresherslive . 13 hours ago
Defence

India And Indonesia Navy Partake In Samudra Shakthi Exercise

Sep 22,2021 05:07:52 pm
The Third Bilateral Exercise, Samudra Shakthi, commenced with the participation of the Indian and Indonesian Navy on 20 September.
Fresherslive . 13 hours ago
International

India Is Becoming Destination Country For Healthy food Items - Narendra Singh Tomar

Sep 22,2021 02:55:02 pm
Shri Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare, in the G-20 Agriculture Ministers' meeting on 19 Sep 2021 stated that the Government of India has placed a strong emphasis on the reintroduction of traditional food items.
Fresherslive . 15 hours ago
Sports

Free Registration For 2 lakh School Students For Fit India Quiz Announced By Sports Ministry

Sep 22,2021 02:18:16 pm
To create an awareness about fitness and sports among school-going children, the Ministry of Youth Affairs and Sports has stated that the first 2 lakh kids nominated by 1 lakh schools would be able to participate in the India Quiz for free.
Fresherslive . 16 hours ago
Science & Technology

Collaboration of ISRO and CBSE - Space Challenge

Sep 22,2021 02:02:03 pm
Niti Aayogs Atal Innovation Mission in collaboration with ISRO and CBSE has launched Space Challenge for school students across India.
Fresherslive . 16 hours ago

Daily Current Affairs 2021


Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Monthly Current Affairs PDF

Current Affairs 2021 September

September 22
News Quiz
September 21
News Quiz
September 20
News Quiz
September 18
News Quiz

Current Affairs 2021 August

August 31
News Quiz
August 28
News Quiz
August 27
News Quiz
August 26
News Quiz

Current Affairs 2021 July

July 30
News Quiz
July 29
News Quiz
July 27
News Quiz
July 26
News Quiz