2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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11.2%
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8.1%
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9.3%
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10.7%
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Detailed explanation-1: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.
Detailed explanation-2: -Moody’s Cuts India’s 2022 GDP Growth Forecast to 7%, Sees 2023 Growth at 4.8% The ratings agency took into account higher inflation, high interest rates and slowing global growth that, it believes, will dampen economic momentum more than it had expected.
Detailed explanation-3: -The growth in real GDP during 2022-23 is estimated at 7.0% as compared to 8.7% in 2021-22, ” the ministry said. The output of the manufacturing sector is estimated to decelerate to 1.6% as against a growth of 9.9% in FY22 while construction growth may moderate to 9% in FY23 from 11.5% in FY22.
Detailed explanation-4: -Moody’s Investor Services has lowered India’s economic growth forecast by 70 basis points to 7 per cent for the calendar year 2022. This is in line with the downward revision of the global growth forecast.
Detailed explanation-5: -Taking all these factors into consideration, real GDP growth for 2022-23 is projected at 6.8 per cent, with Q3 at 4.4 per cent and Q4 at 4.2 per cent. The risks are evenly balanced. Real GDP growth is projected at 7.1 per cent for Q1:2023-24 and at 5.9 per cent for Q2.