2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11.5%
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10.1%
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9.2%
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12.8%
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Detailed explanation-1: -The Indian economy grew 8.7 per cent in 2021-22 fiscal.
Detailed explanation-2: -Real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
Detailed explanation-3: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.
Detailed explanation-4: -"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-5: -Real GDP growth is estimated at 7.0 per cent in 2022-23, according to the first advance estimate of the National Statistical Office (NSO).