2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To what percentage has the CRISIL cut India’s GDP from 7.1% for fiscal year 2019-2020?
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7.0%
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6.9%
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6.8%
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6.7%
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Explanation:
Detailed explanation-1: -CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously.
Detailed explanation-2: -Rating agency Crisil on Monday pared its 2022-23 real GDP growth forecast to 7%, from 7.3% estimated earlier, and said it expects the Indian economy to face more stress in 2023-24 with growth likely to slow to 6% due to the global slowdown and tightening financial conditions at home.
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