2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.8%
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5.3%
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5%
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6.2%
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Detailed explanation-1: -NEW DELHI: Moody’s Investors Service on Tuesday slashed India growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March. For 2021, Moody’s expects India’s growth to rebound to 6.2 per cent.
Detailed explanation-2: -Moody’s had in May projected India’s Gross Domestic Product (GDP) at 8.8% this year. The economy contracted to 6.7% in 2020, the year when the pandemic struck the country, and grew at 8.3% in 2021.
Detailed explanation-3: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.
Detailed explanation-4: -Moody’s cuts India’s GDP growth projection for 2022 from 7.7% to 7%
Detailed explanation-5: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.