2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-9.5%
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-10.5%
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-11.5%
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5%
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Detailed explanation-1: -Moody’s had in May projected India’s GDP to expand by 8.8 per cent this year. The economy grew by 8.3 per cent in 2021 and contracted by 6.7 per cent in 2020, the year when the pandemic struck the country.
Detailed explanation-2: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
Detailed explanation-3: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8%
Detailed explanation-4: -Moody’s had in May projected India’s Gross Domestic Product (GDP) at 8.8% this year. The economy contracted to 6.7% in 2020, the year when the pandemic struck the country, and grew at 8.3% in 2021.
Detailed explanation-5: -Moody’s cuts India’s GDP growth projection for 2022 from 7.7% to 7% | Business Standard News.