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Morgan Stanley downgraded India’s growth forecast to 7.6% from 7.9% for FY2023 amid a slowdown in global growth, higher commodity prices and risk aversion in global capital markets. For FY24, it lowered its growth forecast to 6.7% from the 7% estimated earlier. On the global front, it projected growth at 2.9% in the calendar year 2022 as compared to 6.2% growth in 2021. Within Asia, India would be the economy which will be most exposed to upside risks to inflation. CPI (Consumer Price Index) inflation is expected to be 6.5% for FY23. The current account deficit widened to a 10-year high of 3.3% of GDP (Gross Domestic Product) in FY23.
What is the primary goal of the joint venture between Coal India Limited (CIL) and GAIL for setting up a Coal to Synthetic Natural Gas (SNG) plant?
Which team clinched the inaugural Indian Premier League (IPL) championship?
The indigenous bullet train developed by India is based on the _______ platform.
First Phase of Digi Yatra Initiative was launched in ____?
Prime Minister Narendra Modi presented Rashtriya Bal Puraskar 2022 to a total of _____ children and presented digital certificates to them in a virtual ...
What was the primary objective of the Digital India Act (DIA) introduced in September 2024?
Which E-commerce company has launched its third and largest grocery fulfillment center in Uttar Pradesh?
EPFO’s provisional payroll data highlights that EPFO has added 16.30 lakh net members in the month of May 2023.Which state is leading the charts by ha...
A Bilateral Exercise “ Udarshakti ” hosted by which country recently?
During the Global Investors Meet 2024 in Chennai, Singapore-based companies signed an MoU worth SGD 5 billion or Rs 31,000 crore with the Tamil Nadu gov...