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IMF RAISES INDIA GROWTH FORECAST Why in the News? Growth upgrade: International Monetary Fund raised India’s 2025 growth forecast by 0.7 percentage points to 7.3%, citing strong recent performance. Outlook update: The revision was announced in the World Economic Outlook Update, reflecting robust fourth-quarter momentum. Global context: India continues to be highlighted as a key …
Read MoreExplore major international organizations and their roles in global governance, peace, and development. Essential for UPSC GS Paper 2, this topic covers the UN, WTO, IMF, World Bank, and more.
Read MoreIMF Raises India’s Growth Forecast to 6.4% Why in the News ? The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY2025-26 and FY2026-27 to 6.4%, citing easing global trade tensions, improved financial conditions, and a more benign external environment compared to earlier projections. IMF Projections and Growth Outlook: India’s GDP growth …
Read MoreWhy 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 MoreAsian Development Bank (ADB) Establishment and Headquarters Founded on December 19, 1966, and headquartered in Manila, Philippines. Multilateral development bank promoting social development, sustainable economic growth, and regional integration in Asia and the Pacific. Membership and Leadership A total of 68 member countries, including 49 from Asia-Pacific and non-regional developed countries. Japan, the US, China, …
Read MoreAfter World War II, there was a pressing need among powerful nations for a more unified global financial order. The establishment of the United Nations Organization (UNO) signified hopes for a more stable world order. To address these concerns, representatives from the USA, the UK, and 42 other nations convened at Bretton Woods, New Hampshire, …
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