CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the projected GDP growth forecast of India in the Calendar Year 2021, as per Moody’s?
A
9.1%
B
9.9%
C
9.6%
D
9.3%
Explanation: 

Detailed explanation-1: -It now estimates growth to be 7.7 per cent in 2022 against 8.3 per cent in 2021.

Detailed explanation-2: -Moody’s said it now expects India’s GDP growth to slow to 7% in 2022 – versus its previous estimate of 7.7% – and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024.

Detailed explanation-3: -Moody’s cuts India’s GDP growth projection for 2022 from 7.7% to 7% | Business Standard News.

Detailed explanation-4: -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-5: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.

There is 1 question to complete.