2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.5 %
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7.4 %
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7.6 %
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7.2 %
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Detailed explanation-1: -The growth in real GDP during 2019-20 is estimated at 5.0 per cent as compared to the growth rate of 6.8 per cent in 2018-19. 4.
Detailed explanation-2: -India’s Recent Growth Timeline: India gdp growth rate for 2021 was 8.95%, a 15.54% increase from 2020. India gdp growth rate for 2020 was -6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018. India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
Detailed explanation-3: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.
Detailed explanation-4: -The growth in GDP during 2021-22 is estimated at 8.7 percent as compared to a contraction of 6.6 percent in 2020-21. Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of ₹ 236.65 lakh crore, as against ₹ 198.01 lakh crore in 2020-21, showing a growth rate of 19.5 percent.