2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12%
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10.5%
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11.5%
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9%
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Detailed explanation-1: -Growth is expected to moderate reflecting the less favorable outlook and tighter financial conditions. Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively.
Detailed explanation-2: -“Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31st May, 2022.
Detailed explanation-3: -IMF retains growth projections for India; economy expected to slowdown to 6.1% in 2023 from 6.8% in 2022 - The Hindu.
Detailed explanation-4: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.
Detailed explanation-5: -The International Monetary Fund (IMF) has projected India’s GDP growth at 6.8 percent for the ongoing fiscal year, and has warned of debt sustainability risks. The IMF’s executive board has concluded the 2022 Article IV consultation with India.