According to the 2017 UNWESP Report, Indias economic growth is projected to reach uline{1cm} per cent in the Financial Year (FY) 2017 and 7.6 per cent in FY 2018 amid strong private consumption

2017

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

According to the 2017 UNWESP Report, India’s economic growth is projected to reach _________ per cent in the Financial Year (FY) 2017 and 7.6 per cent in FY 2018 amid strong private consumption

A	7.3
B	7.5
C	7.6
D	7.7

Explanation:

Detailed explanation-1: -The Organisation for Economic Co-operation and Development (OECD) has revised India’s real GDP growth forecast for 2022-23 downwards to 6.6 per cent from 6.9 per cent, citing higher medium-term global uncertainty and slowing domestic economic activity.

Detailed explanation-2: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.

Detailed explanation-3: -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-4: -State of the Economy 2022-23: Recovery Complete India’s GDP growth is expected to remain robust in FY24. GDP forecast for FY24 to be in the range of 6-6.8 %. Private consumption in H1 is highest since FY15 and this has led to a boost to production activity resulting in enhanced capacity utilisation across sectors.

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