2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.3%
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8.5%
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9.9%
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10.4%
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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 gross domestic product (GDP) growth is projected to slip to 7 per cent in the current fiscal ending March 2023 owing to weak demand, according to the first official estimate released by the Statistics Ministry on Friday. India had recorded a 8.7 per cent GDP growth in 2021-22.
Detailed explanation-3: -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.