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Which organization recently released “India Development Update: India’s Trade Opportunities in a Changing Global Context” report?
  • a)
    World Bank
  • b)
    International Monetary Fund
  • c)
    United Nations Development Programme
  • d)
    International Labour Organization
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which organization recently released “India Development Update: ...
The World Bank stated that India’s medium-term outlook remains positive despite challenging global conditions. India’s growth is expected to reach 7% in the financial year 2024-25 and stay strong in 2025-26 and 2026-27. The World Bank released a report ‘India Development Update: India’s Trade Opportunities in a Changing Global Context’ on 3 September 2024. With strong revenue growth and fiscal consolidation, the debt-to-GDP ratio is projected to decrease from 83.9% in 2023-24 to 82% by 2026-27. The current account deficit is expected to remain around 1 to 1.6% of GDP until 2026-27. The World Bank emphasized the importance of trade for growth but noted that increased protectionism and barriers could limit trade opportunities.
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Which organization recently released “India Development Update: India’s Trade Opportunities in a Changing Global Context” report?a)World Bankb)International Monetary Fundc)United Nations Development Programmed)International Labour OrganizationCorrect answer is option 'A'. Can you explain this answer?
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