2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.9 %
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2.4 %
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2.1 %
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2.5 %
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Detailed explanation-1: -IMF World Economic Outlook (WEO), October 2016: Subdued Demand: Symptoms and Remedies. Description: Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017.
Detailed explanation-2: -“Growth in India is projected to slow from 8.7% in FY2021/22 to 6.9% in FY2022/23, the latter revised 0.6 percentage point lower since June. The slowdown in the global economy and rising uncertainty will weigh on export and investment growth, ” according to the World Bank’s latest Global Economic Prospects report.
Detailed explanation-3: -The World Bank has revised its 2022-23 GDP forecast upward from 6.5 per cent in October to 6.9 per cent.
Detailed explanation-4: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.