2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.4 %
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9.2 %
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5.2 %
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4.6 %
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Detailed explanation-1: -The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2022-23 at 7.0 percent-with a minimum and maximum growth estimate of 6.5 percent and 7.3 percent respectively.
Detailed explanation-2: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.
Detailed explanation-3: -Sector-wise GDP of India The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees. With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%.
Detailed explanation-4: -The services sector is the largest sector in India. The services sector accounts for 53.66% of the total India’s GVA of Rs. 137.51 lakh crore. The industrial sector is at the second spot and contributing around 31% of the Indian GDP.
Detailed explanation-5: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.