2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10-10.5 percent
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8-10.5 percent
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7-10.5 percent
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9-10.5 percent
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Detailed explanation-1: -GDP growth likely to be around 8.3% in FY22: Brickwork Ratings. The impact of the third wave of Covid on economic momentum may lower growth in the second half of the current fiscal (H2FY22).
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: -Brickworks Ratings has revised downwards India’s GDP growth forecast to 8.3 per cent in the current fiscal 2021-22 (FY22). Brickworks Ratings has revised downwards India’s GDP growth forecast to 8.3 per cent in the current fiscal 2021-22 (FY22).
Detailed explanation-4: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.
Detailed explanation-5: -The International Monetary Fund (IMF) has also lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the Ukraine war.