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 for FY22 as projected by Goldman Sachs?
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10.9%
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10.7%
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10.2%
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10.5%
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Explanation:
Detailed explanation-1: -Gross domestic product (GDP) may expand by 5.9% next year from an estimated 6.9% in 2022, Goldman Sachs economists wrote in a report.
Detailed explanation-2: -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-3: -India’s real GDP growth is expected to be at 6.9 per cent in FY22-23 compared to 8.7 per cent in FY21-22, according to World Bank’s latest India Development Update.
Detailed explanation-4: -The full year (FY22) GDP growth is now revised downwards to 8.8% from our earlier estimate of 9.3%. With this the real GDP will be around Rs 2.35 lakh crore more / 1.6% higher than the FY20 Real GDP of Rs 145.69 lakh crore.
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