CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the estimated GDP growth rate for the Indian Economy as per the rating agency BARCLAYS for the financial year 2021-22?
A
11%
B
10%
C
8%
D
9%
Explanation: 

Detailed explanation-1: -Nominal GDP or GDP at Current Prices in Q2 2022-23 is estimated at ₹65.31 lakh crore, as against ₹56.20 lakh crore in Q2 2021-22, showing a growth of 16.2 percent as compared to 19.0 percent in Q2 2021-22.

Detailed explanation-2: -According to the IMF’s latest World Economic Outlook projections, India’s real GDP will grow at 9% in 2021-22 and 2022-23, and 7.1% in 2023-2024, making it the world’s fastest growing major economy for all three years.

Detailed explanation-3: -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.

Detailed explanation-4: -3. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in Q1 2022-23 is estimated to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 lakh crore in Q1 2021-22, showing a growth of 13.5 percent as compared to 20.1 percent in Q1 2021-22. 4.

Detailed explanation-5: -Full Year GDP Growth in India averaged 6.12 percent from 2006 until 2023, reaching an all time high of 8.70 percent in 2022 and a record low of -6.60 percent in 2021. This page includes a chart with historical data for India Full Year GDP Growth.

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