2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12%
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11.5%
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10.6%
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9.25%
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Detailed explanation-1: -The NSO said, “Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 157.60 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of Rs 147.36 lakh crore, released on 31st May, 2022.”
Detailed explanation-2: -Nomura expects India’s GDP growth to likely slowdown to 5.1 per cent in 2023-24. According to it, 2023 will be a particularly bumpy year for India on account of a global slowdown and an uneven domestic recovery. GDP growth for 2022-23 is projected at 6.6 per cent.
Detailed explanation-3: -Nomura’s forecast comes even as the Indian central bank earlier in the day raised the repo rate for the fifth time in eight months to 6.25 percent and cut its GDP growth forecast for 2022-23 by 20 basis points to 6.8 percent - 20 basis points higher than 6.6 percent predicted by Nomura.
Detailed explanation-4: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.