ADB Keeps India’s GDP Growth Unchanged at 7%: The Asian Development Bank, based in Manila, maintained its projection for India's economic growth for the fiscal years 2022–2023 at 7%. The bank also forecasted a weaker-than-previously expected pace for developing Asia. As opposed to 8.7% GDP growth ...

In November, Retail inflation eased below 6% for the first time in 2022: India's retail inflation has decreased from 6.77% in October to 5.88% in November 2022. It is the first time in this Financial Year when the inflation rate came within the tolerance band of RBI i.e. 2 to 6%. Food prices, ...

Rs. 1,45,867 crore gross GST revenue collected for November 2022: Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs 1,45,867 crore, according to the data shared by finance ministry. The revenue for the month of November are 11% higher than the GST revenue in the ...

S&P Lowers India GDP Growth Forecast by 30 bps to 7% For 2022-23: Standard & Poor (S&P) Global Ratings cut India’s economic growth forecast for the current fiscal year ending March to 7 % as against 7.3 % projected earlier. S&P has also cut its 2023 growth forecast to 6% from 6.5% ...

Centre releases ₹17,000-crore GST compensation to States: The Centre released ₹17,000 crore to states towards the balance of Goods and Services Tax (GST) compensation. This takes the total amount released so far in the fiscal year to over ₹1.15 lakh crore. November 2022 Current Affairs ...

India’s Unemployment Rate Eases to 7.2% in July-September 2022: The urban unemployment rate for people aged 15 and up fell to 7.2% in July-September 2022, down from 9.8% the previous year, according to the National Statistical Office (NSO). November 2022 Current Affairs Quiz About This ...

India-Australia FTA Ratified By Australian Parliament: The Australian Parliament has ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023. The deal will now need approval from the Australian Cabinet and the ...

CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%: CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously. The credit rating agency said this is primarily because ...

India Will Become Third-Largest Economy By 2027: India is on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments the country has made in technology and energy, says ...

GST collection over Rs 1.51 trillion in October: 2nd highest ever: According to the ministry of finance, the gross GST revenue collected in the month of October 2022 was Rs 1,51,718 crore, the second-highest monthly collection ever. The revenue for October 2022 is second highest monthly ...