2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.3%-8.6%
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9.7%-9.9%
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8.1%-8.3%
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9.3%-9.6%
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Detailed explanation-1: -New Delhi: India’s Gross Domestic Product (GDP) growth is expected to be in the range of 8.2 to 8.5 per cent in the FY22, according to State Bank of India’s research report Ecowrap.
Detailed explanation-2: -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-3: -Representative image With the GDP data to be released on the 30th of November 2022, the SBI Ecowrap report estimates that Q2 FY23 GDP growth to be pegged at 5.8% . This comes in the backdrop of the IMF projecting Global Growth to slow down from 6% to 3.2% in 2022 and further to 2.3% in 2022.
Detailed explanation-4: -The correct answer is 5.8%. The country’s GDP is likely to grow at 5.8 percent in the third quarter of fiscal 2022, according to an SBI’s research report- Ecowrap. As per SBI Nowcasting Model, the forecasted GDP growth for Q3 FY22 would be 5.8 percent, with a downward bias.
Detailed explanation-5: -Real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.