2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.6 %
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5 %
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9.3 %
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8 %
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Detailed explanation-1: -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-2: -Given the stronger-than-expected outturn, Fitch forecasts growth at 7 per cent in the financial year ending March 2023 (FY23).
Detailed explanation-3: -As of December 2020, the GDP growth for 2019 was 0.2 percent. However, it is estimated that in 2020 the growth of real GDP will be revised at minus 8.2 percent. Furthermore, the economy was expected to pick up in 2021 and 2022, with the real GDP projected to grow by 3 percent and 1.6 percent, respectively.
Detailed explanation-4: -The Fiscal Deficit for 2019-20 Provisional Actuals stood at 4.6 percent of GDP, which was 0.8 percentage points higher than the Fiscal Deficit. Hence option 3 is not correct.