Asian Development Bank (ADB) has downgraded Indias growth projection to.....for the current fiscal (2017-18) while lowering its forecast for the next financial year as well.

BANKING GENERAL KNOWLEDGE

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

Asian Development Bank (ADB) has downgraded India’s growth projection to____for the current fiscal (2017-18) while lowering its forecast for the next financial year as well.

A	7.00 percent
B	7.10 percent
C	7.30 percent
D	7.90 percent

Explanation:

Detailed explanation-1: -The Indian economy is set to grow at 7 per cent, said the Asian Development Bank (ADB) as it kept its outlook for India’s economic growth unchanged for the ongoing fiscal year. For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent.

Detailed explanation-2: -Growth forecasts for the region are revised down from 4.3% to 4.2% in 2022 and from 4.9% to 4.6% in 2023.

Detailed explanation-3: -IMF retains growth projections for India; economy expected to slowdown to 6.1% in 2023 from 6.8% in 2022-The Hindu.

Detailed explanation-4: -SBI COMPOSITE INDEX : DECEMBER 2022 may grow in the range of 2.5-3.0% in Nov and & 0.5-1.0% in Dec 2022.

There is 1 question to complete.