2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to the latest World Economic Outlook Report of IMF, what is India’s economic growth estimate in 2019-20?
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4.2%
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4.8%
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5.5%
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6.1%
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Explanation:
Detailed explanation-1: -The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October’s projections.
Detailed explanation-2: -Full Report and Executive Summary. Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Detailed explanation-3: -Growth is expected to moderate reflecting the less favorable outlook and tighter financial conditions. Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively.
Detailed explanation-4: -IMF cuts India’s FY 2022-23 growth forecast to 6.8%
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