2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.1%
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5%
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4%
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4.5%
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Detailed explanation-1: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-2: -India gdp growth rate for 2020 was -6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018. India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
Detailed explanation-3: -We expect India to grow in the range of 6.5%–6.9% in FY 2022–23 and 5.8%–6.3% in FY 2023–24. Considering the extent of volatility associated with the global and domestic economy, we are restricting the duration of our projection to just a year ahead.
Detailed explanation-4: -India’s Economic Resilience and Growth Drivers These forecasts, including the advance estimates released by the NSO, now broadly lie in the range of 6.5-7.0 per cent.