2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to United Nations’ WESP 2022 Report, what is the estimated growth rate of the Indian economy in FY 2022?
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5.1%
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7.5%
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8.3%
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6.5%
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Explanation:
Detailed explanation-1: -UN-DESA in its ‘World Economic Situation and Prospects (WESP) Mid-year Update 2022’ report has declined India’s GDP (Gross Domestic Product) growth projections from 6.7% to 6.4%.
Detailed explanation-2: -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-3: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected,” the agency said in its Global Macro Outlook 2023-24.
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