2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10%
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9%
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8%
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7%
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Detailed explanation-1: -The consequent depreciation of other currencies has been widening the CAD and increasing inflationary pressures in the net importing economies. India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.
Detailed explanation-2: -The growth in real GDP during 2022-23 is estimated at 7.0 percent as compared to 8.7 percent in 2021-22.” The Indian economy is estimated to grow at 7 percent in 2022-23, as against the expansion of 8.7 percent in the previous fiscal, the National Statistical Office (NSO) said on Friday.
Detailed explanation-3: -Reacting to the NSO data, Aditi Nayar, Chief Economist, ICRA Ltd, said the GDP estimate of 7 per cent for 2022-23 factors in 4.5 per cent growth for the second half of the fiscal.
Detailed explanation-4: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-5: -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.