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The Center for Economics and Business Research (CEBR) said in its recent report that India will become the largest economic superpower by the end of the 21st century. CEBR has said in the report published named 'World Economic League Table Report' that India's Gross Domestic Product (GDP) will be 90 percent larger than China's and 30 percent larger than America’s. Key Points of the World Economic League Table Report: ● India will maintain a strong average growth of 6.5 percent from 2024 to 2028. ● By 2032, it will become the world's third-largest economy, leaving behind Japan and Germany. ● According to its demographic estimates and projections, after 2080, India will become the world's largest economic superpower, leaving behind China and America. ● India recorded strong GDP growth of 7.2 percent in 2022-23. ● CEBR estimates a modest decline in growth to 6.4 percent for 2023-24. As a result, production will be 17.2 percent more than the pre-pandemic level. ● The CEBR report projects inflation to top out at around 5.5 percent in 2023. ● According to the report, public sector debt, along with government debt, has created a long-term growth constraint. Its percentage of GDP is expected to reach 81.9 percent in 2023, exceeding the 81 percent recorded in 2022. ● A recent report by the International Monetary Fund (IMF) also warned that India's general government debt could exceed 100 percent of GDP in the medium term. ● According to the CEBR report, government borrowing is estimated to be 8.8 percent of GDP in 2023.
If the due date of a bill is after the closing date of accounts, then interest from the date of closing to the due date is written in the appropriate si...
The cross border remittances through UPI - PayNow linkage is meant for remittance between India and ________.
Which of the following is not a feature of a primary market?
Pillar I of Basel III covers 3 types of risks. Which of the following is not one among them?
With full implementation of Basel III norms, the minimum Total Capital Ratio (including CCB) is prescribed by RBI as ________
JAM Trinity has played a significant role in the process of inclusive development in our country. Which of the following correctly describes JAM Trinity?
An investor looking to protect himself from the downside risk should use which of the following derivatives?
Under the RBI’s guidelines, what is the maximum exposure to an individual borrower for UCBs with Tier 1 capital?
Trade Payables are ₹50,000, Working Capital is ₹18,00,000, and Current Liabilities are ₹6,00,000. Calculate the Current Ratio.
Which of the following is not a typical feature of Money Market instruments in India?