2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.2%
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6.1%
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5.6%
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3.5%
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Detailed explanation-1: -Amid exceptional uncertainty, the global economy is projected to grow 5.5% in 2021 and 4.2% in 2022.
Detailed explanation-2: -Global growth is forecasted to slow from 3.2 per cent in 2022 to 2.7 per cent in 2023 as per IMF’s World Economic Outlook, October 2022. A slower growth in economic output coupled with increased uncertainty will dampen trade growth.
Detailed explanation-3: -NEW DELHI: India’s gross domestic product (GDP) growth is estimated at 7% for 2022-23 on the back of a rebound in services and farm sectors but may face strong headwinds in the months ahead due to the geopolitical situation and possible recession in several countries across the globe.
Detailed explanation-4: -The RBI had projected the real GDP growth for 2022-23 at 6.8%, with the third quarter at 4.4% and the fourth at 4.2%. The GDP growth in the second quarter of the fiscal had slowed to 6.3% from 13.5% in the preceding three months.
Detailed explanation-5: -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.