Aboutme.Profsubin: World Bank Has Cut India's Gross Domestic Product By 9.6% Contraction.
Aboutme.Profsubin: World Bank Has Cut India's Gross Domestic Product By 9.6% Contraction. 1. World Bank has cut India's Gross Domestic Product By 9.6%. 2. Compared today with June 2020 GDP was down by 4.5%. 3. This has happened due to impact of lockdown since June 2020 from a 3.2% drop. 4. Expected the growth to return to 5.4% at Financial Year 2022, related that all the constraints must be lifted up. 5. Short Term improvement is possible, but Forex reserve inflow started to come in fast, due to future growth. 6. IPO Mazagon Dock has been finalised on Oct, 08, 2020. 7. Today the Monetary Policy Committee will be giving the final decision. 8. Expected to increase the Repo Rate by 0.5% 9. Expected to increase the Rev. Repo Rate by another 0.5%. The reason being is that 9% inflation for food, 6.6% inflation for other items will be far enough to hold. So MPC will be coming up with all new interest rates as market started heating up.