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Economy
Mahesh

21/06/22 14:27 PM IST

Black swan event

In News 
  • A study by the Reserve Bank of India (RBI) has spoken about the possibility of capital outflows to the tune of $100 billion (around Rs 7,80,000 crore) from India in case of a major global risk scenario or a “black swan” event.
Black swan Event 
  • A black swan is a rare, unpredictable event that comes as a surprise and has a significant impact on society or the world.
  • These events are said to have three distinguishing characteristics – they are extremely rare and outside the realm of regular expectations; they have a severe impact after they hit; and they seem probable in hindsight when plausible explanations appear.
Source- Indian Express 

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