2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
9.55%
|
|
|
11%
|
|
|
10.1%
|
|
|
8.24%
|
Detailed explanation-1: -India’s gross domestic product (GDP), which grew 8.7 per cent in previous 2021-22 financial year, expanded 6.3 per cent in July-September 2022-23. The institution said that the government is expected to meet the fiscal deficit target of 6.4 per cent of the GDP in 2022-23.
Detailed explanation-2: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.
Detailed explanation-3: -India’s Economic Resilience and Growth Drivers These forecasts, including the advance estimates released by the NSO, now broadly lie in the range of 6.5-7.0 per cent.
Detailed explanation-4: -Full Year GDP Growth in India averaged 6.12 percent from 2006 until 2023, reaching an all time high of 8.70 percent in 2022 and a record low of -6.60 percent in 2021. This page includes a chart with historical data for India Full Year GDP Growth.
Detailed explanation-5: -India’s real GDP growth is expected to be at 6.9 per cent in FY22-23 compared to 8.7 per cent in FY21-22, according to World Bank’s latest India Development Update.