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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9.5%
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10%
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Detailed explanation-1: -S&P Lowers India GDP Growth Forecast by 30 bps to 7% For 2022-23. S&P Global Ratings cut India’s economic growth forecast for the current fiscal year ending March to 7 per cent as against 7.3 per cent projected earlier.
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: -Full Year GDP Growth in India averaged 6.12 percent from 2006 until 2023, reaching an all time high of 8.70 percent in 2022 and a record low of -6.60 percent in 2021. This page includes a chart with historical data for India Full Year GDP Growth.
Detailed explanation-4: -In 2023-24, it has projected real GDP growth of 6.5%, followed by 6.7% in 2024-25 and 6.9% in 2025-26. S&P had earlier projected a 7.8% growth for 2022-23 but had scaled it down to 7.3% in May, citing inflation pressures.
Detailed explanation-5: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.