2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-5.2%
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-3.2%
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-2.2%
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-1.2%
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Detailed explanation-1: -GDP growth for 2022-23 is projected at 6.6 per cent. Nomura also expects the Reserve Bank of India (RBI) to raise the repo rate by 25 bps in February 2023 before cutting the policy rate by 25 bps each in August 2023, October 2023 and December 2023.
Detailed explanation-2: -India’s GDP growth may slow down sharply to 5.1 percent in 2023-24 and force the Reserve Bank of India (RBI) to cut the key repo rate by 75 basis points (bps) in the second half of 2023, economists at Nomura have said.
Detailed explanation-3: -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-4: -NSO First revised FY21 GDP estimates The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%.