2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
India
|
|
|
US
|
|
|
China
|
|
|
UK
|
Detailed explanation-1: -New Delhi: India’s GDP is set to grow at 6.4 per cent in 2022, making it the fastest-growing major economy in the world. According to the latest data by the United Nations (UN), the country will grow at 6.4 per cent, down from 8.8 per cent in 2021.
Detailed explanation-2: -India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure new investment.
Detailed explanation-3: -Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP. Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany.
Detailed explanation-4: -It predicted a rise of 3.1 per cent in FY 2024. India remains the fastest-growing economy in the world with the current estimates surpassing growth in emerging and developing Asia as well as projections on China’s economy.