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08Jun 2024

RBI HOLDS REPO RATE, INCREASES GDP FORECAST TO 7.2%.

Why in the news? The RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate at 6.5%, marking the eighth consecutive hold. Focus:The decision aims to combat high inflation while supporting economic growth. source:scribd About Repo Rate: Definition: Interest rate at which the central bank lends to commercial banks for short periods. Purpose: Control …

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17Apr 2024

IMF FORECASTS INDIA’S ECONOMY TO GROW 6.8% THIS FISCAL YEAR

Why in the news? IMF raises India’s growth forecast to 6.8% for FY 2024/25, highlighting global economic resilience amid challenges. source:BS About the IMF Raises India’s Growth Forecast: Growth Projections: IMF revises India’s GDP growth forecast for FY 2024/25 to 6.8%, up by 0.3% from January’s projection. It forecasts a 6.5% expansion for the next …

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