2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.6%
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8.5%
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9%
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10%
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Detailed explanation-1: -As stated earlier, the Indian economy contracted by 6.6 per cent in 2020-21. In the first quarter of that year when the first wave of the pandemic raged, GDP contracted by 24 per cent, among the steepest in the world.
Detailed explanation-2: -2022. The growth in GDP during 2021-22 is estimated at 8.9 percent as compared to a contraction of 6.6 percent in 2020-21.
Detailed explanation-3: -According to Economic Survey 2020-21, real the growth rate for the financial year 2022 is assumed as based on IMF estimates of 11.5 Percent. In 2020–2021, the survey predicts nominal GDP growth of 15.4% and real GDP growth of 11%.
Detailed explanation-4: -The correct answer is Saving Lives and Livelihoods. The foundational Theme of the Economic Survey is Saving Lives and Livelihoods. It is the annual financial document released by the Ministry of Finance. It contains the most authentic source of data on India’s Economy.
Detailed explanation-5: -India gdp growth rate for 2020 was -6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018.