2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.6%
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3.9%
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4.2%
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5.0%
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Detailed explanation-1: -The country’s economic growth is likely to fall sharply to 2.6 per cent in 2020-21 due to lockdown amid the coronavirus pandemic, as per a research report.
Detailed explanation-2: -GD GROWTH & OUTLOOK: Q2FY23 4.7% in 2021 to 8.8% in 2022 but will decline to 6.5% in 2023 and to 4.1% by 2024. making resilient progress in Q2 FY23 in spite of the drag from global spill overs, elevated inflation and some slackening of external demand as geopolitical developments take their toll on world trade.
Detailed explanation-3: -India’s output will expand 7% in fiscal year 2022-2023 and 6% in next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. Meanwhile, SBI Research expects FY23 economic growth at 6.8% as against the RBI’s projection of 7%. In addition, it estimated Q2FY23 growth at 5.8%.
Detailed explanation-4: -State Bank of India (SBI) Research Report, Ecowrap, has revised downwards the gross domestic product (GDP) growth rate of India for FY22 (2021-22) to 8.8 percent. Earlier this was estimated at 9.3 per cent. The report projects the GDP to grow at 5.8 per cent in the third quarter (Q3) of FY2021-2022 (October-December).
Detailed explanation-5: -SBI COMPOSITE INDEX : DECEMBER 2022 may grow in the range of 2.5-3.0% in Nov and & 0.5-1.0% in Dec 2022.