2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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14%
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5%
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6%
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14%
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Detailed explanation-1: -In 2021 global growth is projected at 5.4 percent. Overall, this would leave 2021 GDP some 6½ percentage points lower than in the pre-COVID-19 projections of January 2020.
Detailed explanation-2: -Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.
Detailed explanation-3: -Real GDP is forecast to grow by 5.1 per cent in 2021. Output is expected to return to pre-pandemic levels in 2022, a year earlier than estimated in February. This is largely the result of global demand, higher commodity prices and the easing of COVID-19 lockdown restrictions.
Detailed explanation-4: -IMF retains growth projections for India; economy expected to slowdown to 6.1% in 2023 from 6.8% in 2022 - The Hindu.
Detailed explanation-5: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.