CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IMF Cuts India’s GDP Growth Forecast is ______
A
7.3 %
B
7.4 %
C
7.2 %
D
7.5 %
Explanation: 

Detailed explanation-1: -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-2: -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-3: -The International Monetary Fund (IMF) has projected India’s growth to be at 6.1 per cent in the fiscal year 2023.

Detailed explanation-4: -The world, including India, will experience an overall slowdown in the next year owing to the impact of the Russia-Ukraine war, tightening monetary conditions globally, the highest inflation in decades, and lingering effects of the pandemic, according to the International Monetary Fund (IMF).

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