2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.2%
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8.6%
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10.3%
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9.5%
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Detailed explanation-1: -India’s output will expand 7 per cent in fiscal year 2022-2023 and 6 per cent in next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. The Indian economy grew 8.5 per cent in 2021.
Detailed explanation-2: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.
Detailed explanation-3: -S&P Lowers India GDP Growth Forecast by 30 bps to 7% For 2022-23. S&P Global Ratings cut India’s economic growth forecast for the current fiscal year ending March to 7 per cent as against 7.3 per cent projected earlier.
Detailed explanation-4: -Taking all these factors into consideration, real GDP growth for 2022-23 is projected at 6.8 per cent, with Q3 at 4.4 per cent and Q4 at 4.2 per cent. The risks are evenly balanced. Real GDP growth is projected at 7.1 per cent for Q1:2023-24 and at 5.9 per cent for Q2.
Detailed explanation-5: -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.