2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11%
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12.5%
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13.7%
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9.9%
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Detailed explanation-1: -"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-2: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.
Detailed explanation-3: -Moody’s expects India’s GDP to grow by 5.6 percent in the next financial year, lower than its 6 percent estimate for the country’s potential growth rate.