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2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the GDP growth rate of India as per the report of World Bank?
A
7.1 %
B
7.3 %
C
7.5 %
D
7.8 %
Explanation: 

Detailed explanation-1: -NEW DELHI: The World Bank on Tuesday retained India’s economic growth at 6.9% for financial year 2022-23. In its Global Economic Outlook report, World Bank maintained India’s growth outlook has been maintained at the same level as that of its India Economic Update report that was released in December last year.

Detailed explanation-2: -The World Bank has revised India’s 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of 6.5 per cent, due to robust economic activities according to Dhruv Sharma, Senior Economist at the World Bank.

Detailed explanation-3: -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-4: -World Bank revises India’s FY 2022-23 GDP growth forecast to 6.9% - BusinessToday.

Detailed explanation-5: -World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent. According to the World Bank, Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October.

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