2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6%
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7%
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5%
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4%
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Detailed explanation-1: -The United Nations Conference on Trade and Development (UNCTAD) has pegged India’s economic growth rate to hit a four-year high of 7.2 per cent for 2021 against a contraction of 7 per cent in 2020.
Detailed explanation-2: -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-3: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The 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: -India’s gross domestic product (GDP) growth rate is projected to moderate to 5.8% in calendar year 2023 from an estimated 6.4% in 2022 as higher interest rates and a global economic slowdown weigh on investment and export performance, the United Nations said on Wednesday.
Detailed explanation-5: -“Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31st May, 2022.