CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per the CRISIL rating agency, what is the estimated GDP growth rate projection of India for fiscal 2021-22?
A
10.2%
B
8.2%
C
9.2%
D
7.2%
Explanation: 

Detailed explanation-1: -The data showed the growth in nominal GDP ( which includes inflation) during 2022-23 is estimated at 15.4% as compared to 19.5% in 2021-22.

Detailed explanation-2: -Rating agency Crisil on Monday pared its 2022-23 real GDP growth forecast to 7%, from 7.3% estimated earlier, and said it expects the Indian economy to face more stress in 2023-24 with growth likely to slow to 6% due to the global slowdown and tightening financial conditions at home.

Detailed explanation-3: -India had recorded a 8.7 per cent GDP growth in 2021-22.

Detailed explanation-4: -Separately, the World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, from 6.5 per cent projected in October, saying the economy was showing higher resilience to global shocks. The Indian economy grew 8.7 per cent in 2021-22 fiscal.

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