2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.6%
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8.1%
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8.3%
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8.5%
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Detailed explanation-1: -India’s GDP likely to grow at 10-10.5% in FY2022: Brickwork Ratings. Domestic rating agency Brickwork Ratings on Monday revised its growth estimate for the country’s gross domestic product (GDP) to 10-10.5 per cent in the current financial year from an earlier expectation of a 9 per cent growth.
Detailed explanation-2: -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-3: -Govt may peg fiscal deficit at 5.8% of GDP in FY24 kharif sowing, we project the GDP expansion at 6.5-7.0% for Q2 FY2023, a base-effect led moderation from 13.5% in Q1 FY2023.” In Q1FY23, India’s real GDP is estimated at ₹36.85 lakh crore, as against ₹32.46 lakh crore in Q1 2021-22, showing a growth rate of 13.5%.
Detailed explanation-4: -3. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in Q1 2022-23 is estimated to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 lakh crore in Q1 2021-22, showing a growth of 13.5 percent as compared to 20.1 percent in Q1 2021-22. 4.
Detailed explanation-5: -The Economic Survey 2022-23 estimated India’s GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year.