2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.6%
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11%
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8.4%
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7.3%
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Detailed explanation-1: -The government has estimated India’s real GDP growth in FY23 at 7% against 8.7% in 2021-22.
Detailed explanation-2: -GDP in India averaged 699.08 USD Billion from 1960 until 2021, reaching an all time high of 3176.30 USD Billion in 2021 and a record low of 37.03 USD Billion in 1960.
Detailed explanation-3: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.
Detailed explanation-4: -“Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31st May, 2022.
Detailed explanation-5: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.