2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.1%
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7.2%
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7.3%
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7.4%
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Detailed explanation-1: -The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2020-21 at (-) 10.5% - with a minimum and maximum growth estimate of (-) 12.3% and (-) 5.0% respectively for 2020-21.
Detailed explanation-2: -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-3: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-4: -FICCI influences the economic policies of India’s government by sponsoring discussion forums for economists, civil servants, and industrialists and through informal consultative arrangements with government planners and policy makers.
Detailed explanation-5: -The growth in nominal GDP during 2022-23 is estimated at 15.4 per cent as compared to 19.5 per cent in 2021-22, the NSO said. Private final consumption expenditure, a measure of demand, is estimated to grow by 7.7 per cent in the financial year ending March 2023 as compared to 7.9 per cent in 2021-22.