2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.3 %
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6.9 %
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7.7 %
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7.9 %
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Detailed explanation-1: -UN revises growth forecast to 5 per cent for India in current fiscal.
Detailed explanation-2: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-3: -"Economic growth in India is projected to moderate in 2023, with higher interest rates weighing on investment and slower global growth weakening exports, ” the UN said. The government has estimated India’s real GDP growth in FY23 at 7% against 8.7% in 2021-22.
Detailed explanation-4: -The Organisation for Economic Co-operation and Development (OECD) has downgraded India’s GDP growth forecast to 6.6% for FY 2022-23 from 6.9% projected earlier on moderation in exports and domestic demand and inflation crimping private consumption.
Detailed explanation-5: -In its latest estimates released on January 6, the World Bank said that India may grow at 7% in FY23, which is higher than the projections made by the RBI and the World Bank. The RBI and the World Bank have projected 6.8% and 6.9% GDP growth, respectively, in FY23.