2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.5%
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5.4%
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6.5%
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7.3%
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Detailed explanation-1: -It expects India’s growth equilibrium to worsen substantially over the medium term, with potential growth averaging just 4.5% over 2020-2025, from its pre-pandemic projection of 6.5%. The fiscal deficit is also expected to widen 7% of GDP in 2020-21.
Detailed explanation-2: -India is the fastest growing major economy in the world and is all set to achieve USD 5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said today.
Detailed explanation-3: -Since the start of the 21st century, annual average GDP growth has been 6% to 7%. Economy of the Indian subcontinent was the largest in the world for most of the recorded history up until the onset of colonialism in early 19th century.
Detailed explanation-4: -Global Economic Outlook Report We think recent data support our view that the world economy will underperform the consensus expectation next year. Our forecast for world GDP growth to slow from 3% this year to 1.3% in 2023 is little changed from a month ago.
Detailed explanation-5: -Explanation: The India Ratings and Research (Ind-Ra) has revised downwards the GDP growth forecast of India in FY22 (2021-22) to 10.1 percent.