CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to Estimates of National Income for the financial year 2019-20 by NSO, Ministry of Statistics and Programme Implementation India’s GDP growth has slowed to an 11-year low of how much percent in 2019-20?
A
3.2%
B
4.2%
C
5.2%
D
6.2%
Explanation: 

Detailed explanation-1: -In terms of growth rates, the National Income registered a growth rate of 7.6 per cent in 2019-20 as against the previous year’s growth rate of 11.3 per cent.

Detailed explanation-2: -5. GDP at Current Prices in the year 2019-20 is estimated to attain a level of ₹ 203.85 lakh crore, as against ₹ 189.71 lakh crore in 2018-19, showing a growth rate of 7.5 percent.

Detailed explanation-3: -The growth in real GDP during 2022-23 is estimated at 7.0 per cent as compared to 8.7 per cent in 2021-22, according to data released by the NSO, Ministry of Statistics and Programme Implementation.

Detailed explanation-4: -GDP per capita of India The per capita net national income (NNI) of India at current prices during 2020-21 is estimated to have attained a level of 128, 829 Indian rupees as compared to 134, 186 INR for the year 2019-20. The per capita income in real terms (at 2011-12 prices) during 2020-21 is estimated at Rs.

Detailed explanation-5: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.

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