2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WEF
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IMF
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World Bank
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UNESCO
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Detailed explanation-1: -The World Bank on Tuesday projected the Indian economy to grow at a robust 6.6 per cent in 2023-24 (FY24), slowing down from an estimated 6.9 per cent in 2022-23 (FY23), citing “limited spillovers” to Asia’s third-largest economy from a projected global slowdown.
Detailed explanation-2: -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-3: -The world’s largest middle class, fuelled by income growth, will reshape consumption. In the coming decade, consumption will grow by an average 6% annually to reach RMB 56 trillion ($8.2 trillion), fuelled by a middle class that will represent an estimated 65% of households. 2.
Detailed explanation-4: -The United Nations Conference on Trade and Development (UNCTAD) expects India’s economy to grow 5.7% in 2022 and 4.7% in 2023. India’s gross domestic product (GDP) grew 8.7% in FY22.