2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.5%
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10.5%
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7.5%
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8.5%
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Detailed explanation-1: -S&P Global Ratings has revised India’s real GDP growth for next two fiscal years by 0.5 percentage points, citing slowdown in global demand. GDP for 2022 and 2023 is projected at seven and six per cent, respectively.
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: -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: -India’s output will expand 7 per cent in the fiscal year 2022-2023 (ending in March 2023) and 6 per cent in the next fiscal year, by our estimates, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. India’s economy grew 8.7 per cent in 2021, S&P said.