2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FICCI Economic Outlook Survey, what is India’s estimated GDP growth in 2019-2020?
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4.5%
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5%
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5.5%
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6%
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Explanation:
Detailed explanation-1: -India’s GDP to grow 7.4% in 2022-23: FICCI survery | 5paisa Blog.
Detailed explanation-2: -GDP is derived by adding Taxes on Products net of Subsidies on Products to GVA at Basic Prices. GDP at Current Prices in the year 2019-20 is likely to attain a level of ₹204.42 lakh crore, as against ₹190.10 lakh crore in 2018-19 showing a growth rate of 7.5 per cent.
Detailed explanation-3: -In 2019, GDP in India was at around 2.83 trillion U.S. dollars.
Detailed explanation-4: -The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2022-23 at 7.0 percent - with a minimum and maximum growth estimate of 6.5 percent and 7.3 percent respectively.
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