2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.7 %
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10.5 %
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9.5 %
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11 %
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Detailed explanation-1: -Citing the provisional estimates released by the National Statistical Office (NSO) on May 31, Mr Das said India’s GDP growth in 2021-22 is estimated at 8.7 per cent which has exceeded the pre-pandemic, that is, 2019-20 level.
Detailed explanation-2: -Professional forecasters polled in the September 2022 round of the Reserve Bank’s survey expected real GDP growth at 6.3 per cent in Q2:2022-23, 4.8 per cent in Q3 and 4.2 per cent in Q4, and at 6.4-6.6 per cent in H1:2023-24 (Chart I.
Detailed explanation-3: -Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24. The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, and the ADB and by RBI, domestically.
Detailed explanation-4: -India’s real GDP growth will slow from 8.3% in 2021 to 7.7% in 2022 and will decelerate further to 5.2% in 2023, Moody’s Investor Service said in a report on Thursday. Rising interest rates, uneven distribution of monsoons, and slowing global growth will dampen economic momentum on a sequential basis, it said.