2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.4%
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6.4%
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10.1%
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8.6%
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Detailed explanation-1: -Detailed Solution. The correct answer is 7.6 percent. India Ratings & Research expects India’s real gross domestic product to grow 7.6% in the fiscal year 2022-23.
Detailed explanation-2: -India’s GDP growth: “We have retained our India growth outlook at 7.3 per cent for the fiscal 2022-23 and 6.5 per cent for the next fiscal year, although we see the risks tilted to the downside, ” the ratings agency underscored.
Detailed explanation-3: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8% The ratings agency took into account higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected.
Detailed explanation-4: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.