Daily Current Affairs 2026, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2026 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
  • 12th-century Mandir-style pillar fragments discovered in Hinganghat reflect Hemadpanti architecture and highlight the region’s medieval cultural significance.

    Read More....
  • Varanasi sets a Guinness record by planting over 2.5 lakh saplings in one hour using Miyawaki method under Namo Van urban forest project.

    Read More....
  • India enters advanced memory manufacturing as Micron’s Sanand ATMP facility begins DRAM and NAND production with $2.7 billion investment.

    Read More....
  • US and Israel launch coordinated strikes on Iran, targeting top leadership, escalating tensions in West Asia.

    Read More....
  • Oldest known hand stencil dated 67,800 years discovered in Sulawesi cave, highlighting early human symbolic expression.

    Read More....
  • Tripura launches its first State Innovation Mission with T-NEST hub, promoting startups, AI policy, and inclusive innovation.

    Read More....
  • Mangaluru Airport wins ASQ ‘Best Airport at Arrivals’ award for the second consecutive year.

    Read More....
  • NSV Kaundinya completes maiden Oman voyage and returns to Mumbai, highlighting India’s maritime heritage.

    Read More....
  • Assam distributes land pattas to over one lakh families under Mission Basundhara 3.0, enhancing legal ownership and governance.

    Read More....
  • UAE launches world’s first sovereign financial cloud, SFCSI, offering AI-driven secure digital infrastructure for financial institutions.

    Read More....