Moodys Investors Service estimated that India will grow.....in the calendar year 2018 and.....in 2019, amid signs of economic recovery from the impact of demonetisation and GST.

BANKING GENERAL KNOWLEDGE

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

Moody’s Investors Service estimated that India will grow____in the calendar year 2018 and____in 2019, amid signs of economic recovery from the impact of demonetisation and GST.

A	7.2% and 7.3%
B	7.4% and 7.5%
C	7.7% and 7.9%
D	7.6% and 7.5%

Explanation:

Detailed explanation-1: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8%

Detailed explanation-2: -Moody’s on Friday slashed India’s GDP growth projection for 2022 to 7 per cent on expectation that global slowdown and high domestic interest rates would dampen economic momentum.

Detailed explanation-3: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.

Detailed explanation-4: -Moody’s had cut India’s growth forecast for 2018 to 7.3% in May from 7.5%. The graphic presentation of the growth estimates in the latest report still shows India’s growth at 7.3% for 2018 but the commentary pegs growth at around 7.5%.

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