2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.5%-3.8%,
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3.5%-4.8%,
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4.5%-5.8%,
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1.5%-2.8%
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Detailed explanation-1: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.
Detailed explanation-2: -Growth is projected to average 5.8 percent in 2022 - a downward revision of 1 percentage point from the forecast made in June. This follows growth of 7.8 percent in 2021, when most countries were rebounding from the pandemic slump.
Detailed explanation-3: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.
Detailed explanation-4: -Stating that India’s level of economic activity is closer to the pre-pandemic path, global brokerage firm Credit Suisse expects the Gross Domestic Product (GDP) growth of the country going ahead will be stronger than the current consensus forecast of 6 per cent in the financial year 2023-24 (FY24).