2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12%
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10.5%
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9.6%
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11.1%
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Detailed explanation-1: -Gross domestic product (GDP) may expand by 5.9% next year from an estimated 6.9% in 2022, Goldman Sachs economists wrote in a report.
Detailed explanation-2: -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-3: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.
Detailed explanation-4: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.