2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10.0%
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9.7%
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5.9%
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8.9%
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Detailed explanation-1: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-2: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.
Detailed explanation-3: -The growth forecast for 2023-34 is unchanged at 7.2 per cent, “sustained by positive effects from structural reform and from public investment catalysing private investment".
Detailed explanation-4: -Real GDP growth is estimated at 7.0 per cent in 2022-23, according to the first advance estimate of the National Statistical Office (NSO).
Detailed explanation-5: -The services sector of India remains the engine of growth for India’s economy and contributed 53% to India’s Gross Value Added at current prices in FY21-22 (as per advance estimates). India’s services sector GVA increased at a CAGR of 11.43% to Rs.