CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the latest GDP growth estimate of India by India Ratings and Research for the fiscal 2019-20?
A
6.3%
B
6.9%
C
6.6%
D
6.1%
Explanation: 

Detailed explanation-1: -The agency said the economy will show a meaningful expansion, after a gap of two years, as the real GDP in 2022-23 is expected to be 9.1% higher than that in 2019-20 (pre-COVID level).

Detailed explanation-2: -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.

Detailed explanation-3: -As of December 2020, the GDP growth for 2019 was 0.2 percent. However, it is estimated that in 2020 the growth of real GDP will be revised at minus 8.2 percent. Furthermore, the economy was expected to pick up in 2021 and 2022, with the real GDP projected to grow by 3 percent and 1.6 percent, respectively.

Detailed explanation-4: -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.

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