2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11%
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12.5%
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10.1%
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9.9%
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Detailed explanation-1: -India Ratings and Research (Ind-Ra) has revised India’s real GDP growth projection for 2022-23 downwards to 6.9 per cent from 7 per cent estimated earlier.
Detailed explanation-2: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-3: -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-4: -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-5: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.