2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9%
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10%
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8%
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7%
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Detailed explanation-1: -India’s GDP grew by 8.7% in 2021-22.
Detailed explanation-2: -For the fiscal year 2022-23, the investment bank hasn’t cut the GDP growth estimate for India, unlike many other agencies -the country’s economic expansion in the year has been pegged at 7.1 per cent, marginally higher than 7 per cent forecast earlier.
Detailed explanation-3: -For 2023, it has pegged the GDP growth at 5.9% compared to projected expansion of 6.9% in 2022. According to the brokerage, growth is expected to be a tale of two halves, with a slower first half in 2023 as the reopening boost fades and monetary tightening weighs on domestic demand.
Detailed explanation-4: -GDP Deflator in India is expected to reach 167.94 points by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the India GDP Deflator is projected to trend around 174.83 points in 2024 and 182.35 points in 2025, according to our econometric models.
Detailed explanation-5: -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.