2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9%
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10%
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11%
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3%
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Detailed explanation-1: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
Detailed explanation-2: -ICRA maintains India’s FY23 GDP growth forecast at 7.2%
Detailed explanation-3: -Reacting to the NSO data, Aditi Nayar, Chief Economist, ICRA Ltd, said the GDP estimate of 7 per cent for 2022-23 factors in 4.5 per cent growth for the second half of the fiscal.
Detailed explanation-4: -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-5: -India GDP Growth Slows to 6.3% in Q3 The Indian economy expanded 6.3% yoy in Q3 2022, slightly higher than forecasts of 6.2%, but well below a 13.5% growth in Q2, as distortions caused by COVID lockdowns faded, high prices and rising interest rates weighed on demand and slowing global demand started to impact exports.