CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by what percent?
A
4.3
B
5.9
C
6.5
D
7.3
Explanation: 

Detailed explanation-1: -India’s GDP will further decelerate to 4.7 per cent growth in 2023, according to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022.

Detailed explanation-2: -United Nations Conference on Trade and Development (UNCTAD) expects India’s real GDP growth in 2022 to decelerate to 5.7 per cent from 8.2 per cent in 2021.

Detailed explanation-3: -India’s GDP growth to decline to 5.7% in 2022: UNCTAD.

Detailed explanation-4: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.

Detailed explanation-5: -5. GDP at Constant (2011-12) Prices in April-September 2022-23 (H1 2022-23) is estimated at ₹75.02 lakh crore as against ₹68.36 lakh crores during the corresponding period of previous year, showing a growth of 9.7 percent in H1 2022-23 as against 13.7 percent during the same period last year.

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