2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.2%
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4.4%
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5.8%
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6%
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Detailed explanation-1: -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-2: -The data showed the growth in nominal GDP ( which includes inflation) during 2022-23 is estimated at 15.4% as compared to 19.5% in 2021-22.
Detailed explanation-3: -In the OECD area, which comprises 38 countries including a dozen G20 countries, GDP growth is now estimated at 0.3% in Q1 2022. This figure has been revised from 0.1% growth estimated three weeks ago2 based on countries’ preliminary GDP releases.
Detailed explanation-4: -According to the IMF’s latest World Economic Outlook projections, India’s real GDP will grow at 9% in 2021-22 and 2022-23, and 7.1% in 2023-2024, making it the world’s fastest growing major economy for all three years.
Detailed explanation-5: -The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24.