CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the United Nations report on Economic and Social Survey of Asia and Pacific (ESCAP), 2020 what is expected growth rate of India in 2020-21?
A
5.0%
B
3.8%
C
4.0%
D
4.8%
Explanation: 

Detailed explanation-1: -Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today. The highlights of the Economic Survey are as follows: State of the Economy: Indian economy estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 percent in 2020-21.

Detailed explanation-2: -India’s Economic Performance in 2020-21 India’s real GDP to record a 11.0% growth in FY2021-22 and nominal GDP to grow by 15.4%.

Detailed explanation-3: -News Release | 24 August 2022 The region’s economic growth this year is expected to reduce extreme poverty-defined as living off less than $1.90 a day-to a level that would have been achieved in 2020 had the pandemic not happened, according to Key Indicators for Asia and the Pacific 2022, released today.

Detailed explanation-4: -“Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31st May, 2022.

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