#GDP

12 April.New Delhi, Delhi, India
Policymakers had expected positive GDP growth in January-March to restrict the annual FY21 contraction to 7.5-8%. (Photo credit: Representative Image/Unsplash)

  • Core inflation jumped to a 29-month high of 5.96% in March 2021
  • Industrial output contracted for the second month in a row, falling 3.6% in February
  • Inflation in the 'fuel and light' category was 4.50% during March vis-a-vis 3.53% in February.

8 April.New Delhi, Delhi, India
The debt to GDP ratio of India may drop to 80% if the country's economy recovers. (Photo Credit: Representational Image/Pixabay)

  • IMF said that its immediate priorities are to continue supporting people and firms
  • It is important that public finance remains under control, it said
  • IMF stated that debt worldwide increased sharply to 97% of GDP in 2020

7 April.Mumbai, Maharashtra, India
RBI Governor Shaktikanta Das said on Wednesday that interest rates will remain unchanged. (Photo Credit: Twitter/@RBI)

  • RBI Governor Shaktikanta Das said there is no need for a loan repayments moratorium at present
  • He added businesses are better prepared today to deal with the situation
  • Das reminded that the RBI has taken innovative measures since the pandemic started to help ecomomy

31 March.New Delhi, Delhi, India
The Indian economy suffered a blow due to COVID-19 pandemic. (Picture credit- Pixabay)

  • World Bank reports stated that the economy was already slowing when COVID-19 came in the picture
  • It predicted that the GDP growth for 2021-22 could range form 7.5 to 12.5% 
  • The slowdown of economy was caused by decline in private consumption growth and shocks to financial sector

30 March
People flout social distancing norms as they arrive to buy fish, amid coronavirus pandemic. (Photo credit: File/PTI)

  • India's middle class is estimated to have shrunk by 32 million in 2020
  • In January 2020, World Bank forecast stated India's GDP grew 5.8%
  • India's vast majority of middle class population shrank from 119.7 crore to 116.2 crore per day

12 March.Washington D.C., DC, USA
. (Photo Credit: Twitter/@POTUS)

  • President Joe Biden's $1.9 trillion stimulus program was signed into law on Thursday
  • The package will send direct payments of as much as $1,400 to many Americans
  • Going by IMF's initial estimates, the spending will expand US GDP by 5-6% over three years

9 March.Washington D.C., DC, USA
The bill passed in the US Senate with minor changes (Photo Credit: Representational Image/ Unsplash)

  • The bill will be put up to vote on Tuesday in the House
  • The $1.9 trillion package aims to ease the financial burden on Americans caused by the pandemic
  • The bill is expected to provide a 7% expansion to the US GDP

27 Feburary.New Delhi, Delhi, India
Estimates given out in February end are based on data collected for three quarters. (Photo Credit: Representative Image/Unsplash)

  • India will lose nearly Rs 12 lakh crore in output in 2020-21
  • The year will close with a GDP decline of 8% versus a 4% growth in the previous fiscal 2019-20
  • In Q3, GDP growth has been estimated at 0.4%

26 Feburary.New Delhi, Delhi, India
National Statistical Office on Friday released India's GDP data for Q3 of FY2020-21. (Photo Credit: Representational Image/Pixabay)

  • In Q1, India's GDP contracted by a whopping 23.9%
  • In Q2, GDP contracted by 7.5%
  • India's economy will contract by 8% in FY2020-21, according to government estimate

12 Feburary.Washington D.C., DC, USA
The US is likely to witness its second-largest budget deficit since World War II this year (Photo Credit: Representational Image/Unsplash)

  • The national debt of the US will be 100.1% of the GDP, according to the estimates made by the CBO
  • The national debt is likely to rise to $22.5 trillion in 2021
  • The debt-to-GDP ratio is expected to surpass its highest ever record, hitting 107.2%