2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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China
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USA
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Russia
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Detailed explanation-1: -Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively. Reflecting broad‑based price pressures, inflation is projected at 6.9 percent in FY2022/2023 and is expected to moderate only gradually over the next year.
Detailed explanation-2: -Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24. The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, and the ADB and by RBI, domestically.
Detailed explanation-3: -In 2022, Zimbabwe witnessed record inflation at 269%, Lebanon at 158%, and Venezuela at 156%. Economists and experts made use of the ‘cost of living crisis’ concept to monitor and register economic activities. Central banks of many countries were forced to hike the interest rates to bring inflation down.
Detailed explanation-4: -It estimates India’s inflation at 6.9% in 2022-23 and cool to 5.1% in 2023-24.