2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.2
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8.3
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7.6
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6.6
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Detailed explanation-1: -Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively. Reflecting broad‑based price pressures, inflation is projected at 6.9 percent in FY2022/2023 and is expected to moderate only gradually over the next year.
Detailed explanation-2: -The real GDP is projected to grow at 6.8 per cent and 6.1 per cent in FY2022/23 and FY2023/24 respectively, said the IMF’s report on India.
Detailed explanation-3: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.
Detailed explanation-4: -GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).