2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.5%
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5%
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5.5%
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6%
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Detailed explanation-1: -The growth in real GDP during 2019-20 is estimated at 5.0 per cent as compared to the growth rate of 6.8 per cent in 2018-19. 4. Real GVA at Basic Prices is estimated to increase from ₹129.07 lakh crore in 2018-19 to ₹135.40 lakh crore in 2019-20.
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: -Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2020-21 is now estimated to attain a level of ₹135.13 lakh crore, as against the First Revised Estimate of GDP for the year 2019-20 of ₹145.69 lakh crore, released on 29th January 2021.
Detailed explanation-4: -The growth in nominal GDP during 2022-23 is estimated at 15.4 per cent as compared to 19.5 per cent in 2021-22, the NSO said. Private final consumption expenditure, a measure of demand, is estimated to grow by 7.7 per cent in the financial year ending March 2023 as compared to 7.9 per cent in 2021-22.
Detailed explanation-5: -India’s economy is expected to grow 7.0% in the current financial year, according to the first advance estimates by the National Statistical Office (NSO) released on Friday. New Delhi had pegged India’s growth at 8.7% in the last fiscal year that ended March 31, 2022.