What will be India’s GDP this year, why World Bank praised India, IMF gave relief package to Pakistan, know why the month of April was special for the business world.

The month of April is over. This month many big news came out from the business world. Moody’s Analytics has released a report regarding India’s GDP. India’s Ayurveda products market will reach $16.27 billion i.e. Rs 1.2 lakh crore by 2027-28. The International Monetary Fund (IMF) approved immediate assistance of US $ 1.1 billion under the relief package to Pakistan, which is struggling with weak economic conditions. The US economy grew only 1.6 percent year-on-year in the January-March quarter.

Moody’s Analytics released GDP report:

Moody’s Analytics, an American financial advisory company, has said in its latest report that India’s economy will grow by 6.1 percent in the financial year 2024. Last year India’s GDP (gross domestic product) was 7.7 percent. The report titled ‘APAC Outlook: Listening Through the Noise’ said, “Economies in South and South-East Asia will see the strongest output gains this year, but their performance will be affected by the delayed recovery after the global pandemic.” Has happened. We expect India’s GDP (gross domestic product) to grow by 6.1 percent in 2024 after 7.7 percent last year.

Good days are ahead for Ayurveda products:

India’s Ayurveda products market will reach $16.27 billion i.e. Rs 1.2 lakh crore by 2027-28. This has been stated in a study report. According to a report by an Ayurveda technology startup called ‘NirogStreet’, the demand for natural and herbal remedies is increasing, and the number of Ayurvedic practitioners is also increasing. This market is also growing rapidly due to government initiatives and arrival of new entrepreneurs. At present this market is worth seven billion dollars i.e. Rs 57,450 crore.

Pakistan again took refuge in IMF, got immediate help:

The International Monetary Fund (IMF) approved immediate assistance of US $ 1.1 billion under the relief package to Pakistan, which is struggling with a weak economic situation. The IMF said the country needs to take stronger steps to improve its economy. For this, the Executive Board of IMF took this decision after final review of Pakistan’s economic reform program supported by SBA. With this, the amount payable under SBA has reached US$3 billion.

World Bank praised India’s hosting of G-20:

The International Monetary Fund (IMF) and the World Bank have praised India for its role in building consensus on major global issues during its presidency of the G-20. Last year, India hosted the G-20 summit held in New Delhi on 9-10 September. The summit resolved the main disputes over the Russia–Ukraine war, and approved by consensus a 37-page declaration, as well as a number of steps to ensure the stability of the global economy.

How was the US economy in the January-March quarter:

The US economy grew only 1.6 percent year-on-year in the January-March quarter. This is being seen as a broader impact of higher interest rates. The US Commerce Department released gross domestic product (GDP) data for the March quarter. According to this, America’s economic growth rate in the first quarter of 2024 was 1.6 percent on an annual basis. But this results in a decline compared to October-December, 2023.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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