CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the United Nations WESP report, the GDP growth rate estimate of India in Calendar Year 2021 is projected at what percent?

A	10.5%
B	7.5%
C	9.5%
D	8.5%

Explanation:

Detailed explanation-1: -India’s economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021, a top UN agency projected on Monday, citing higher financing cost and weaker public expenditures.

Detailed explanation-2: -India a bright spot with estimated growth of 5.8% this year, 6.7% next year: UN economist.

Detailed explanation-3: -Real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.

Detailed explanation-4: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.

There is 1 question to complete.