2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-9%
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-8%
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-10%
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-11%
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Detailed explanation-1: -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-2: -The Per Capita Income in real terms (at 2011-12 Prices) during 2020-21 is estimated to attain a level of ₹ 85, 929 as compared to ₹ 94, 566 in the year 2019-20, giving a growth of -9.1 percent during 2019-20, as against 2.5 per cent in the previous year.
Detailed explanation-3: -The growth in nominal GDP during 2022-23 is estimated at 15.4 per cent as compared to 19.5 per cent in 2021-22, the NSO said. Private final consumption expenditure, a measure of demand, is estimated to grow by 7.7 per cent in the financial year ending March 2023 as compared to 7.9 per cent in 2021-22.
Detailed explanation-4: -India’s economy is expected to grow 7.0% in the current financial year, according to the first advance estimates by the National Statistical Office (NSO) released on Friday. New Delhi had pegged India’s growth at 8.7% in the last fiscal year that ended March 31, 2022.
Detailed explanation-5: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.