2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the projected GDP growth prediction rate of India for FY22 by ICRA?
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10-10.5%
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10-11.5%
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10-10%
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10-11%
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Explanation:
Detailed explanation-1: -Crisil downgraded the India growth forecast by 30 bps to 7 per cent while Icra pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23.
Detailed explanation-2: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.
Detailed explanation-3: -ICRA has retained India’s real GDP growth projection for 2022-23 at 7.2 per cent.
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