2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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-8.5%
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10-10.5%
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9.5-10%
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8.5-9%
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Detailed explanation-1: -GDP growth likely to be around 8.3% in FY22: Brickwork Ratings. The impact of the third wave of Covid on economic momentum may lower growth in the second half of the current fiscal (H2FY22).
Detailed explanation-2: -Real GDP is estimated to have grown 8.7% in FY22 after contracting 6.6% in the previous fiscal. Nominal GDP saw a growth of 19.5% in FY22 after contracting 1.4% in FY21.
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.