2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
2%
|
|
|
4%
|
|
|
3%
|
|
|
5%
|
Detailed explanation-1: -The global agency Moody’s has cut India’s Gross Domestic Products (GDP) growth forecast by 110 basis points for the calendar year 2022. It now estimates growth to be 7.7 per cent in 2022 against 8.3 per cent in 2021. It also expects growth to be 5.2 per cent in 2023, lower than the previous expectations.
Detailed explanation-2: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
Detailed explanation-3: -Moody’s said it now expects India’s GDP growth to slow to 7% in 2022 – versus its previous estimate of 7.7% – and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024.
Detailed explanation-4: -CRISIL reiterates 7.8% GDP growth next fiscal, with risks tilted to the downside; corporate revenue seen up 10-14%