2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.8%
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6%
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6.2%
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6.5%
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Detailed explanation-1: -1.1 and Appendix Table 1). Consequently, the GDP level surpassed the pre-pandemic level of 2019-20 by 1.8 per cent. II.
Detailed explanation-2: -RBI pegs GDP growth at 6.8% for FY23, projects inflation to fall below 6% by March 2023. The Reserve Bank of India on Wednesday marginally lowered the country’s GDP growth projection for the current fiscal from 7% to 6.8%.
Detailed explanation-3: -Taking all these factors into consideration, real GDP growth for 2022-23 is projected at 6.8 per cent, with Q3 at 4.4 per cent and Q4 at 4.2 per cent. The risks are evenly balanced. Real GDP growth is projected at 7.1 per cent for Q1:2023-24 and at 5.9 per cent for Q2.
Detailed explanation-4: -Real gross domestic product (GDP) is expected to grow by 6.9 per cent in 2022-23 [projections revised down by 10 basis points (bps) from the last survey round]; it is expected to grow by 6.0 per cent in 2023-24 (Table 1).