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RBI’s Proactive Shift Reflects Economic Concerns Syllabus: GS-3: Banking Sector & NBFCs, Monetary Policy, Inclusive Growth Why in the News? The Reserve Bank of India (RBI) has adopted a reform-oriented approach to tackle emerging economic slowdown risks. Through regulatory relaxations and liquidity recalibration, the RBI seeks to stimulate credit growth while managing inflation expectations, indicating …
Read MoreWhy in the news? NCAER predicts India’s GDP growth may exceed 7% for 2024-25, citing positive monsoon forecast and global economic prospects. About the GDP Growth Forecast: NCAER predicts India’s GDP growth may exceed the Reserve Bank of India’s estimate of 7% for 2024-25. Positive factors include expectations of an above-normal monsoon, upgraded global growth …
Read MoreWhy in the news? UNCTAD forecasts India’s economy to grow 6.5% in 2024, citing multinational companies’ expanded manufacturing processes boosting exports. source:researchgate About UNCTAD Predicts 6.5% Growth for Indian Economy in 2024: A UN report forecasts India’s economy to grow by 6.5% in 2024. Highlights the role of multinational companies expanding manufacturing processes in India. …
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