2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.1 %
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3.9 %
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4.1 %
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4.9 %
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Detailed explanation-1: -The Indian economy grew 8.2 per cent in the 2021 calendar year, after a 6.7 per cent contraction in 2020 – the year of COVID outbreak.
Detailed explanation-2: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8% The ratings agency took into account higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected.
Detailed explanation-3: -World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery. Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.
Detailed explanation-4: -NSO First revised FY21 GDP estimates The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%.
Detailed explanation-5: -The first advance estimates for 2022-23 released by the National Statistical Office (NSO) on Friday estimated Gross Domestic Product (GDP) growth at 7%, which is higher than 6.8% estimated by the Reserve Bank of India (RBI) last month.