CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per the G-20 surveillance note prepared by staff of International Monetary Fund, what is the growth rate of Indian economy in 2019?
A
7.1%
B
7.2%
C
7.3%
D
7.5%
Explanation: 

Detailed explanation-1: -The Indian economy is expected to grow 7.3% in 2019 and 7.5% in 2020, a G20 surveillance note has said. The Indian economy is expected to grow 7.3% in 2019 and 7.5% in 2020, a G20 surveillance note has said.

Detailed explanation-2: -“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-3: -Indian Economy expected to grow at 6.8% in 2022-23 The Governor informed that the economy is projected to grow at 6.8 per cent in the current financial year 2022-23, with Q3 at 4.4 per cent and Q4 at 4.2 per cent. Real GDP growth is projected at 7.1 per cent for Q1:2023-24 and at 5.9 per cent for Q2.

Detailed explanation-4: -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-5: -The IMF produces Surveillance Notes to inform meetings held by the G-20 Ministers and Governors and the G-20 Leaders to discuss global economic prospects and policy challenges.

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