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The World Bank in its latest Global Economic Prospects report, cut its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 per cent, from 8 per cent. The cut was on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions due to Russia’s invasion of Ukraine. Growth is expected to slow further to 7.1 per cent in 2023-24. World Bank also lowered its global growth forecast for calendar year 2022 to 2.9 per cent from 4.1 per cent. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).
‘Trade Emerge’ for Indian exporters and importers to offer them digital banking and value-added services is being launched by which bank?
Which of the following is an annual exercise between Indian Army and Japanese Ground Self Defence Force?
According to the "Towards Justice: Ending Child Marriage" report by India Child Protection (ICP), by what percentage did Assam reduce child marriages ac...
DCM Shriram Ltd has raised a Sustainability Linked Loan (SLL) of Rs.200 crore from which bank with an aim to support the company’s ongoing capital...
How much in total has been disbursed under the PM-KISAN scheme to more than 11 crore farmer families?
For how many consecutive years, starting from 2018, has New Delhi been ranked as the world’s most polluted capital city according to the Air Quality R...
At the BCCI Awards 2024 in Hyderabad, who was honored with the Lifetime Achievement Award?
Which state in India has established its first HIV-1 viral load laboratory?
Consider the following statements about the Amrit Bharat Station Scheme:
I. The scheme has been launched by the Ministry of Home Affairs.
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