2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.4 %
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4.4 %
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5.4 %
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6.4 %
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Detailed explanation-1: -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-2: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.
Detailed explanation-3: -The forecast is in line with the Reserve Bank of India’s projection of 6.8% GDP growth for 2022-23.
Detailed explanation-4: -Rating agency Crisil on Monday pared its 2022-23 real GDP growth forecast to 7%, from 7.3% estimated earlier, and said it expects the Indian economy to face more stress in 2023-24 with growth likely to slow to 6% due to the global slowdown and tightening financial conditions at home.