2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
5.3%
|
|
|
3.3%
|
|
|
4.3%
|
|
|
2.3%
|
Detailed explanation-1: -India’s GDP had grown at 8.7% in the year ending 31 March, 2022. The country’s nominal GDP growth for FY23 is estimated at 15.4% as against 19.5% in FY22, the Ministry of Statistics & Programme Implementation said in a statement.
Detailed explanation-2: -The Indian economy is estimated to grow at 7 percent in 2022-23, as against the expansion of 8.7 percent in the previous fiscal, the National Statistical Office (NSO) said on Friday.
Detailed explanation-3: -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.
Detailed explanation-4: -Economy of the Indian subcontinent was the largest in the world for most of the recorded history up until the onset of colonialism in early 19th century. India accounted for 7.2% of global economy in 2022 in PPP terms, and around 3.4% in nominal terms in 2022.