CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank projected India’s GDP at-9% in FY21?
A
RBI
B
SBI
C
ADB
D
PNB
Explanation: 

Detailed explanation-1: -The World Bank on Tuesday revised India’s 2022-23 GDP growth forecast upward to 6.9% from 6.5% estimated in October after factoring in “a strong outturn” in the second quarter of the current financial year.

Detailed explanation-2: -GD GROWTH & OUTLOOK: Q2FY23 4.7% in 2021 to 8.8% in 2022 but will decline to 6.5% in 2023 and to 4.1% by 2024.

Detailed explanation-3: -Gujarat is also the second largest state in India, only behind Maharastra which has a GSDP of Rs 18.89 lakh crore. Karnataka is the second fastest-growing major state economy, with a CAGR of 7.3 percent.

Detailed explanation-4: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.

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