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BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
World Bank has projected India’s growth rate at____in 2018 and 7.5 for the next two years.
A
7.3 percent
B
7.1 percent
C
7.5 percent
D
7.7 percent
Explanation: 

Detailed explanation-1: -Regional growth is projected to rise to 3.2 percent in 2018, and to an average of 3.6 percent in 2019-20 (Figure 2.6. 2). ese forecasts are broadly unchanged from June, and assume that commodity prices will firm and domestic demand will gradually strengthen, helped by slowing inflation.

Detailed explanation-2: -The report forecasts that the Indian economy will grow at 6.6% in the next financial year (2023-24), which is lower than its earlier projection of 7%.

Detailed explanation-3: -Growth in India is projected to slow to 6.9% in FY23, says World Bank. Gross domestic product (GDP) growth in India will slow to 6.6% in the financial year 2023-24 from 6.9% projected in the ongoing fiscal, according to the World Bank.

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