General Awareness section plays a vital role in boosting the score in any competitive examination. General Awareness section generally consists of three sections i.e. Static G.K, Current Affairs, and Banking Awareness out of which the majority of marks holds by the Current Affairs section followed by Static G.K and Banking Awareness. In today’s blog post we are providing a list of India’s GDP Growth Forecast 2019-20 and 2020-21 forecasted by various Financial Organizations which is one of the frequently asked topics in the Banking Awareness section.
India’s GDP is forecasted by various financial organizations every year to give transparency to Indian Economy growth. This is one topic that is mostly asked in the competitive examinations in Banking/Economy/Financial Awareness sections. We can expect one question from this topic in all competitive examinations and is likely to be asked in the upcoming examinations like NABARD Grade A, SBI Clerk, and RBI Assistant.
GDP Forecast 2019 and 2020 by Various Organizations:
| Organizations | 2019-20 | 2020-21 |
| Fitch | 4.6% | 5.6%% |
| UNCTAD report | 6% | |
| RBI forecasted | 5% | 6% |
| Moody | 4.9% | 6.6% |
| ADB | 5.1% | 7.2% |
| FICCI | 5% | 5.5% |
| DBS Bank | 6.2% | |
| Central Statistics Office (CSO) | 7.1% | 7.2% |
| CRISIL | 5.1% | |
| UN (United Nation) | 5.7% | |
| Australia and New Zealand Banking Group (ANZ) | 6.2% | 6.5% |
| India Ratings & Research | 5% | 5.5% |
| World Economic Outlook released by International Monetary Fund (IMF) | 4.8% | 6.5% |
| Organisation for Economic Co-operation and Development (OECD) | 5.9% | 6.3% |
| Goldman Sachs | 7.2% | |
| World Bank | 5% | 6.9% |
| Economy Survey | 7% | |
| National Council of Applied Economic Research (NCAER) | 4.9% | |
| S & P | 6.3% | 7% |
| State Bank of India (SBI) | 4.6% |
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