BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.10%
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7.2%
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6.80%
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7.40%
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Detailed explanation-1: -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-2: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings-Hong Kong-20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-3: -Given the stronger-than-expected outturn in the July-September quarter with GDP growth at 6.3 per cent, Fitch forecasts growth at 7 per cent in the financial year ending March 2023 (FY23).
Detailed explanation-4: -World Bank revises India’s FY 2022-23 GDP growth forecast to 6.9%-BusinessToday.