2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Moody’s Investors Service cuts India’s growth forecast to ____ for 2020 from 6.6% earlier in its update on Global Macro Outlook?
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4.8%
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5%
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5.2%
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5.4%
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Explanation:
Detailed explanation-1: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8%
Detailed explanation-2: -“For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent.
Detailed explanation-3: -Moody’s cuts India’s GDP growth projection for 2022 from 7.7% to 7%
Detailed explanation-4: -According to Moody’s, growth is expected to decelerate to 4.8 per cent in 2023 and then to rise to around 6.4 per cent in 2024. India’s 7 per cent growth in 2022 is still higher than China’s expected growth of three per cent.
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