2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-7%
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-6%
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-8%
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-9%
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Detailed explanation-1: -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-2: -Reacting to the NSO data, Aditi Nayar, Chief Economist, ICRA Ltd, said the GDP estimate of 7 per cent for 2022-23 factors in 4.5 per cent growth for the second half of the fiscal.
Detailed explanation-3: -"We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.
Detailed explanation-4: -"We maintain our GDP forecast of 7.2 per cent for FY2023, aided by a revival in contact-intensive services owing to pent-up demand, and a back-ended pick-up in government and private capex.
Detailed explanation-5: -ICRA cuts 2022-23 GDP growth forecast to 7.2% from 8%