2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10%
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11%
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9.25%
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12.5%
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Detailed explanation-1: -Real GDP grew by 8.7 percent in FY2021/22, bringing total output above pre‑pandemic levels.
Detailed explanation-2: -Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.
Detailed explanation-3: -NEW DELHI: The International Monetary Fund (IMF) on Tuesday lowered India’s gross domestic product (GDP) growth projection for 2022-23 to 6.8% from the earlier 7.4%, citing the impact of a slowing global economy, stubborn inflation, rising interest rates and the war in Ukraine.
Detailed explanation-4: -The International Monetary Fund (IMF) has projected India’s GDP growth at 6.8 percent for the ongoing fiscal year, and has warned of debt sustainability risks. The IMF’s executive board has concluded the 2022 Article IV consultation with India.
Detailed explanation-5: -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.