2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.1%
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6.5%
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9.0%
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7.2%
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Detailed explanation-1: -United Nations Conference on Trade and Development (UNCTAD) expects India’s real GDP growth in 2022 to decelerate to 5.7 per cent from 8.2 per cent in 2021.
Detailed explanation-2: -India’s economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021, a top UN agency projected on Monday, citing higher financing cost and weaker public expenditures.
Detailed explanation-3: -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-4: -GDP in India averaged 699.08 USD Billion from 1960 until 2021, reaching an all time high of 3176.30 USD Billion in 2021 and a record low of 37.03 USD Billion in 1960.
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.