2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12.6%
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11%
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10.5%
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9%
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Detailed explanation-1: -Retail inflation is projected to ease from 6.8 per cent in 2022-23 to five per cent in 2023-24 and 4.9 per cent in 2024-25. 1. Unemployment Rate (30-DAY MVG.
Detailed explanation-2: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.
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: -Research firm Nomura, however, said that India’s growth is likely to disappoint at 4.5% in 2023 due to global spillovers, prompting 75 bps of rate cuts in H2 2023, while stronger fundamentals set the stage for a rebound in 2024 (6.7%).