2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the estimated GDP growth rate of India as per CARE Ratings in FY22?
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7.7%
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10.1%
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9.2%
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8.4%
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Explanation:
Detailed explanation-1: -iStock It takes about three years to finalise the final GDP data for a year. India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the consensus 9.2 per cent projected earlier.
Detailed explanation-2: -Giving more details, the Minister stated that as per provisional estimates released by National Statistical Office (NSO), Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20. The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
Detailed explanation-3: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.
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