2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10 %
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11.5 %
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9.5 %
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7 %
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Detailed explanation-1: -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-2: -New Delhi had pegged India’s growth at 8.7% in the last fiscal year that ended March 31, 2022. The RBI had projected the real GDP growth for 2022-23 at 6.8 per cent, with the third quarter at 4.4 per cent and the fourth at 4.2 per cent.
Detailed explanation-3: -The RBI had projected the real GDP growth for 2022-23 at 6.8%, with the third quarter at 4.4% and the fourth at 4.2%. The GDP growth in the second quarter of the fiscal had slowed to 6.3% from 13.5% in the preceding three months.
Detailed explanation-4: -The full year (FY22) GDP growth is now revised downwards to 8.8 per cent from earlier estimate of 9.3 per cent. The real GDP will be around Rs 2.35 lakh crore more / 1.6 per cent higher than the FY20 real GDP of Rs 145.69 lakh crore.