2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-4.5%
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-2.5%
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4.5%
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2.5%
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Detailed explanation-1: -The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for 2020-21 at (-) 10.5% - with a minimum and maximum growth estimate of (-) 12.3% and (-) 5.0% respectively for 2020-21. The median growth forecast for agriculture and allied activities has been put at 3.5% for 2020-21.
Detailed explanation-2: -According to Economic Survey 2020-21, real the growth rate for the financial year 2022 is assumed as based on IMF estimates of 11.5 Percent. In 2020–2021, the survey predicts nominal GDP growth of 15.4% and real GDP growth of 11%.
Detailed explanation-3: -Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2020-21 is estimated at -7.25 percent compared to the growth rate of 4.04 percent in 2019-20. The growth in the gross domestic product in 2020-21 is the slowest since 1950-51.
Detailed explanation-4: -India’s GDP to grow 7.4% in 2022-23: FICCI survery | 5paisa Blog.
Detailed explanation-5: -Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24. The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, and the ADB and by RBI, domestically.