2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.8%
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3.2%
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1.8%
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1.2%
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Detailed explanation-1: -India’s output will expand 7% in fiscal year 2022-2023 and 6% in next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. Meanwhile, SBI Research expects FY23 economic growth at 6.8% as against the RBI’s projection of 7%. In addition, it estimated Q2FY23 growth at 5.8%.
Detailed explanation-2: -The Organisation for Economic Co-operation and Development (OECD) has downgraded India’s GDP growth forecast to 6.6% for FY 2022-23 from 6.9% projected earlier on moderation in exports and domestic demand and inflation crimping private consumption.
Detailed explanation-3: -India’s real GDP is expected to grow by seven per cent in 2022-23 and by 6.4 per cent in 2023-24, as per Morgan Stanley.