As per the World Bank, Indias GDP growth is expected to accelerate moderately to.....in Fiscal Year 2019-2020, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the World Bank, India’s GDP growth is expected to accelerate moderately to____in Fiscal Year 2019-2020, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.

A	7.70%
B	7.90%
C	7.5%
D	7.80%

Explanation:

Detailed explanation-1: -Growth in India is projected to slow to 6.9% in FY23, says World Bank. Gross domestic product (GDP) growth in India will slow to 6.6% in the financial year 2023-24 from 6.9% projected in the ongoing fiscal, according to the World Bank.

Detailed explanation-2: -World Bank revises India’s FY 2022-23 GDP growth forecast to 6.9%-BusinessToday.

Detailed explanation-3: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.

Detailed explanation-4: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.

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