With the global economic growth slowing, Morgan Stanley in its research report has revised India's GDP growth estimates to 7.2 percent in FY23 from 7.6 percent and 6.4 percent for FY24 from 6.7 percent.
The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".
The tournament was held at Volleyball Federation Hall, Tehran, Iran from 15 to 22 August 2022. Indian men's volleyball team won the bronze medal by defeating Korea 3-2 in the 14th Asian U-18 Championship in Tehran.