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

  • The Indian Navy launched the IOS SAGAR Initiative 2026 to boost maritime cooperation in the Indian Ocean Region.

    Read More....

  • Bharat Electricity Summit 2026 began in New Delhi with global participation focusing on clean energy and innovation.

    Read More....

  • William Dalrymple won the Mark Lynton History Prize 2026 for his book “The Golden Road.”

    Read More....

  • Scientists discovered a 289-million-year-old reptile skin fossil in Oklahoma, the oldest known example.

    Read More....

  • Bhumika Shrestha became Nepal’s first transgender woman Member of Parliament.

    Read More....

  • ITDC launched the Tribal Homestay Capacity Building Program 2026 to promote sustainable tourism.

    Read More....

  • OpenAI introduced GPT-5.4 mini and nano models for faster, cost-efficient AI performance.

    Read More....

  • Algeria offers the cheapest LPG globally due to abundant gas reserves and subsidies.

    Read More....

  • The Supreme Court granted equal maternity leave to adoptive mothers, removing age restrictions.

    Read More....

  • India became the world’s third-largest metro network with over 1,143 km operational lines.

    Read More....