2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.7 %
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6.5 %
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5.5 %
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8.5 %
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Detailed explanation-1: -In the long-term, the India GDP Annual Growth Rate is projected to trend around 3.80 percent in 2024 and 3.90 percent in 2025, according to our econometric models. The most important and the fastest growing sector of Indian economy are services.
Detailed explanation-2: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.
Detailed explanation-3: -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-4: -India’s real GDP growth will slow from 8.3% in 2021 to 7.7% in 2022 and will decelerate further to 5.2% in 2023, Moody’s Investor Service said in a report on Thursday.
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.