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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8%
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5%
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Detailed explanation-1: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-2: -Full Year GDP Growth in India averaged 6.12 percent from 2006 until 2023, reaching an all time high of 8.70 percent in 2022 and a record low of -6.60 percent in 2021. This page includes a chart with historical data for India Full Year GDP Growth.
Detailed explanation-3: -Developing Asia Outlook East Asia’s growth forecasts are revised down to 2.9% in 2022-due to the mobility restrictions in the People’s Republic of China plus deep contraction in Hong Kong, China-and down to 4.0% in 2023.
Detailed explanation-4: -India GDP Growth Slows to 6.3% in Q3 Private spending slowed sharply (9.7% vs 25.9%), investment growth halved (10.4% vs 20.1%), and both exports (11.5% vs 14.7%) and imports (25.4% vs 37.2%) rose at a slower pace. Meanwhile, stocks declined faster (-19.4% vs -17.4%) and public expenditure shrank (-4.4% vs 1.3%).
Detailed explanation-5: -Following a contraction of 7.3% in 2020-21, the Indian economy is expected to grow by 9.2% in real terms in 2021-22 (according to initial advanced projections). GDP is expected to grow in real terms by 8-8.5% in 2022-23.