CII has announced that it expects Indias gross domestic product (GDP) to grow at 7.3-7.7% during the 2018-19 financial year. CII stands for

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

CII has announced that it expects India’s gross domestic product (GDP) to grow at 7.3-7.7% during the 2018-19 financial year. CII stands for

A	Confederation of Indian Industry
B	Corporation of Indian Industry
C	Confederation of International Industry
D	Confederation of Indian Institute

Explanation:

Detailed explanation-1: -CII Western Region adopted the theme “India75-Pivoting on Competitiveness, Skilling & Sustainability for Economic Development and Growth” for the year 2022-23.

Detailed explanation-2: -The Indian economy expanded 6.3% yoy in Q3 2022, slightly higher than forecasts of 6.2%, but well below a 13.5% growth in Q2, as distortions caused by COVID lockdowns faded, high prices and rising interest rates weighed on demand and slowing global demand started to impact exports.

Detailed explanation-3: -Moody’s said it now expects India’s GDP growth to slow to 7% in 2022 – versus its previous estimate of 7.7% – and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024. The Reserve Bank of India expects 2022-23 growth of 7%.

Detailed explanation-4: -The Organisation for Economic Co-operation and Development (OECD) has downgraded India’s GDP growth forecast to 6.6% for FY 2022-23 from 6.9% projected earlier on moderation in exports and domestic demand and inflation crimping private consumption.

There is 1 question to complete.