2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.3%
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11%
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10.1%
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8.8%
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Detailed explanation-1: -"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-2: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8% The ratings agency took into account higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected.
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: -According to Moody’s, growth is expected to decelerate to 4.8 per cent in 2023 and then to rise to around 6.4 per cent in 2024. India’s 7 per cent growth in 2022 is still higher than China’s expected growth of three per cent.