BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.9 per cent
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6.7 per cent
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6.5 per cent
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6.1 per cent
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Detailed explanation-1: -GVA growth in agriculture, forestry, fishing, mining sector in India FY 2013-2023. In fiscal year 2023, the estimated growth rate of real gross value added from the agriculture, forestry, fishing, mining and quarrying sectors in India was approximately 3.3 percent.
Detailed explanation-2: -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-3: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-4: -Crisil downgraded the India growth forecast by 30 bps to 7 per cent while Icra pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23.