2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.4 %
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6.5 %
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5.6 %
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8.7 %
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Detailed explanation-1: -The International Monetary Fund (IMF) has projected India’s GDP growth at 6.8 percent for the ongoing fiscal year, and has warned of debt sustainability risks. The IMF’s executive board has concluded the 2022 Article IV consultation with India.
Detailed explanation-2: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.
Detailed explanation-3: -“Growth in India is set to decline from 6.8% in 2022-23 to 6.1% in 2023-24, before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds,” according to the IMF World Economic Outlook update, titled Inflation Peaking amid Low growth.
Detailed explanation-4: -Bangladesh, Sri Lanka and Bhutan. India’s current quota in the IMF is SDR (Special Drawing Rights) 5,821.5 million, making it the 13th largest quota holding country at IMF and giving it shareholdings of 2.44%.
Detailed explanation-5: -Description: Global growth is projected at 6% in 2021, moderating to 4.4% in 2022.