2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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13%
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11%
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10%
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12%
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Detailed explanation-1: -India’s GDP growth is projected to spike to a four-quarter high 13 per cent in Q1 (April-June) FY23 due to low base of Covid 2.0 and robust recovery in contact-intensive services, according to ICRA.
Detailed explanation-2: -"We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.
Detailed explanation-3: -Rating agency ICRA has maintained its forecast of 7.2% growth in India’s GDP for the financial year FY23.
Detailed explanation-4: -4. Nominal GDP or GDP at Current Prices in Q1 2022-23 is estimated at ₹ 64.95 lakh crore, as against ₹ 51.27 lakh crore in Q1 2021-22, showing a growth of 26.7 percent as compared to 32.4 percent in Q1 2021-22.
Detailed explanation-5: -India’s gross domestic product (GDP) is estimated to grow by 7 percent in 2022-23, the statistics ministry said on January 6. In the fiscal year 2021-22, the GDP had grown by 8.7 percent. The country’s nominal GDP growth for FY23 is estimated at 15.4 percent versus 19.5 percent in FY22, the ministry said in a release.