2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.2% and 2.7%
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3.2% and 4.2%
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3.2% and 2.7%
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2% and 2.7%
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Detailed explanation-1: -Global growth is projected to slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023.
Detailed explanation-2: -The RBI also projected India’s GDP growth at 6.4% for financial year 2023-24. In the latest economic survey released on 31 January, the Indian finance ministry forecast GDP to grow between 6% and 6.8% in 2023-24.
Detailed explanation-3: -The forecast is in line with the Reserve Bank of India’s projection of 6.8% GDP growth for 2022-23. It highlighted that monetary policy tightening to fight inflation and geopolitical uncertainty due to Russia’s war in Ukraine would continue to weigh on global economic activity in 2023.
Detailed explanation-4: -The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4% in 2022 to 2.9% in 2023, then rise to 3.1% in 2024. “Our growth projections actually for India are unchanged from our October Outlook.
Detailed explanation-5: -The International Monetary Fund (IMF) has projected India’s growth to be at 6.1 per cent in the fiscal year 2023.