2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4%
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5.5%
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3.1%
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6%
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Detailed explanation-1: -Description: The global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022. The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions.
Detailed explanation-2: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.
Detailed explanation-3: -Global economic growth is now expected to be 5.8% this year, a sharp upwards revision from the December 2020 Economic Outlook projection of 4.2% for 2021.
Detailed explanation-4: -With the improving global conditions, the Indian economy will see GDP growing at 6.9% in FY25, said OECD. In light of global developments, the business climate will also get greatly influenced in India. The data shows India’s oil imports from Russia rose to 16% in April-August 2022 from 2% in FY 2021-22.
Detailed explanation-5: -In the list of top 50, All economies will experience a positive growth rate in 2021. Ireland is the fastest-growing economy with 14.04%, followed by Chile (11.00%). Thailand has the lowest growth rate of 0.96%, followed by the United Arab Emirates (2.24%) and Japan (2.36%).