Daily Current Affairs 2025, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2025 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.

International Monetary Fund revises India's economic growth forecast

Category : Business and economics
Published on: July 29 2022 Share on facebook

  • The global financial institution International Monetary Fund (IMF) has cut India's economic outlook by 80 basis points to 7.4% for the financial year 2022-23.
  • In its previous estimate in April 2022, the IMF had projected the Indian economy to grow at 8.2% in FY23.
  • The IMF's current observations on India's GDP growth are still higher than the apex bank RBI's (Reserve Bank of India) estimates of a 7.2% growth rate in FY23.
  • The IMF has cut the economic forecast for China by 1.1 percentage point to 3.3% in 2022–23, which will be the lowest growth in more than four decades, excluding the initial COVID-19 crisis in 2020, primarily due to COVID-19 outbreaks and lockdowns.
  • As per the IMF, Saudi Arabia will be the fastest growing economy in FY23 at 7.6%, followed by India at 7.4% and Spain at 4.0%.
Recent Post's

  • The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.

    Read More....

  • Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.

    Read More....

  • Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.

    Read More....

  • Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.

    Read More....

  • Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.

    Read More....

  • Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.

    Read More....

  • TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.

    Read More....

  • India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.

    Read More....

  • Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.

    Read More....

  • Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.

    Read More....

2025 © and Powered By Graposs Edutech Private Limited

Terms & Condition Privacy Policy Disclaimer