2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-8%
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-9%
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-7%
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-6%
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Detailed explanation-1: -India’s output will expand 7 per cent in fiscal year 2022-2023 and 6 per cent in next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. The Indian economy grew 8.5 per cent in 2021.
Detailed explanation-2: -Pegging India’s gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years.
Detailed explanation-3: -The Indian economy is set to grow at 7 per cent, said the Asian Development Bank (ADB) as it kept its outlook for India’s economic growth unchanged for the ongoing fiscal year.
Detailed explanation-4: -RBI MPC Meeting: Reserve Bank of India (RBI) governor Shaktikanta Das stated that the real GDP will be 7.1 per cent in the first quarter of the financial year 2023-24 and 5.9 per cent in the next quarter. But the GDP growth forecast for FY23 has been lowered to 6.8% from 7%.