2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
10.1%
|
|
|
9.9%
|
|
|
11.2%
|
|
|
12.6%
|
Detailed explanation-1: -Earlier, the International Monetary Fund (IMF) cut India’s economic growth in 2022 to 6.8% from 7.4% earlier. Moody’s cut India’s GDP growth projection for 2022 to 7% from 7.7% earlier on the weak rupee and high crude oil prices.
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: -"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.