2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2 to 3 per cent
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4 to 6 per cent
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9 to 10 per cent
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8.8 to 9 per cent
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Detailed explanation-1: -(A basis point is one-hundredth of 1 percentage point.) Rajni Sinha, the chief economist with CARE Ratings, told Business Standard that India’s GDP growth is expected to slow down to around 6.1% in FY24, “considering the headwinds arising on the external front and its possible spillover on the Indian economy”.
Detailed explanation-2: -It expresses the difference between GDP values from one period to the next as a proportion of the GDP from the earlier period, usually multiplied by 100.
Detailed explanation-3: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-4: -The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24.
Detailed explanation-5: -In Short. By India Today Web Desk: Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament. The survey estimated India’s GDP growth in FY24 at 6.5 per cent, while the growth for the ongoing year has been projected at 7 per cent, compared to 8.7 per cent in FY22.