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Why in News ? Amid escalating US-China tensions, there was speculation that China might devalue the yuan. However, economists believe China will use other economic tools, such as fiscal and monetary policies, to mitigate the impact of US tariffs without resorting to drastic devaluation. Speculation on Yuan Devaluation: The ongoing economic conflict between China and …
Read MoreWhy in the news? Bank credit growth in FY25 is projected to slow to 14% from 16% in FY24. The slowdown is attributed to a high base effect, revised risk weights, and a deceleration in GDP growth, according to CRISIL Ratings. source:medium About Credit Growth: Credit growth is the expansion of loans to individuals or …
Read MoreWhy in the news? ADB projects India’s GDP growth at 7% in 2024-25, with retail inflation expected to ease; downside risks include global shocks. About ADB’s Economic Projections: The Asian Development Bank (ADB) predicts India’s GDP growth to slow from 7.6% in 2023-24 to 7% in 2024-25, before rebounding to 7.2% in 2025-26. Retail inflation …
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