2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-0.4%
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-1.4%
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-2.4%
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-3.4%
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Detailed explanation-1: -Goldman Sachs expects India’s GDP to shrink 10.3% in 2020-21 against a contraction of 14.8% forecast in September.
Detailed explanation-2: -State of the Economy: Indian economy estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 percent in 2020-21. GDP projected to grow by 8- 8.5 percent in real terms in 2022-23.
Detailed explanation-3: -Moody’s cuts India growth forecast for 2021 to 9.6% from 13.9% earlier.
Detailed explanation-4: -For 2023, it has pegged the GDP growth at 5.9% compared to projected expansion of 6.9% in 2022.
Detailed explanation-5: -“Nominal GDP or GDP at current prices for the year 2020-21 is estimated at ₹198.01 lakh crore as against ₹200.75 lakh crore for the year 2019-20, showing a contraction of 1.4 per cent during 2020-21 as compared to growth of 6.2 per cent during 2019-20, ” the statement said.