2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-7.3%
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-6.8%
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-7.5%
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-8.5%
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Detailed explanation-1: -While the YOY basis real GDP growth of 8.9 per cent in FY 2022 represents a rebound from its contraction by 6.6 per cent in FY 2021, the incomplete nature of the growth recovery is reflected in the growth rates of its components, especially when compared to the pre-pandemic scenario.
Detailed explanation-2: -Taking all these factors into consideration, real GDP growth for 2022-23 is projected at 6.8 per cent, with Q3 at 4.4 per cent and Q4 at 4.2 per cent. The risks are evenly balanced. Real GDP growth is projected at 7.1 per cent for Q1:2023-24 and at 5.9 per cent for Q2.
Detailed explanation-3: -“Taking all these factors into consideration, the real GDP growth for 2022-23 is projected at 6. 8%, with Q3 at 4.
Detailed explanation-4: -RBI pegs GDP growth at 6.8% for FY23, projects inflation to fall below 6% by March 2023. The Reserve Bank of India on Wednesday marginally lowered the country’s GDP growth projection for the current fiscal from 7% to 6.8%.
Detailed explanation-5: -RBI MPC Meet 2023: Bond yields rise as RBI hikes rate - Indian government bond yields edged higher on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate as expected, but maintained its policy stance, which dampened sentiment. The benchmark 10-year yield was at 7.3435% as of 11:30 a.m. IST.