2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.5%
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8.2%
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10.3%
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7.1%
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Detailed explanation-1: -S&P Global Ratings has revised India’s real GDP growth for next two fiscal years by 0.5 percentage points, citing slowdown in global demand. GDP for 2022 and 2023 is projected at seven and six per cent, respectively. As per S&P, regional growth remains healthy overall.
Detailed explanation-2: -S&P had in September projected the Indian economy to grow 7.3% in 2022-23 and 6.5% in next fiscal year (2023-24).
Detailed explanation-3: -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.
Detailed explanation-4: -India’s output will expand 7 per cent in the fiscal year 2022-2023 (ending in March 2023) and 6 per cent in the next fiscal year, by our estimates, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. India’s economy grew 8.7 per cent in 2021, S&P said.
Detailed explanation-5: -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.