2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.9%
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1.1%
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1.9%
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2.1%
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Detailed explanation-1: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier. This is the second time that Moody’s Investors Service has cut India’s growth estimates. In September, it had cut projections for the current year to 7.7 per cent from 8.8 per cent estimated in May.
Detailed explanation-2: -India Ratings and Research (Ind-Ra) has revised India’s real GDP growth projection for 2022-23 downwards to 6.9 per cent from 7 per cent estimated earlier.
Detailed explanation-3: -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-4: -Fitch said India is expected to record one of the fastest growth rates among emerging markets in our Fitch20 coverage this year. Fitch Ratings on Tuesday increased India’s growth forecast to 7.0 per cent in the financial year ending March 2023 given the stronger-than-expected outturn in the ongoing fiscal year.