2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.8
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6.8
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5.8
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4.8
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Detailed explanation-1: -IMF cuts India’s FY 2022-23 growth forecast to 6.8%
Detailed explanation-2: -Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively. Reflecting broad‑based price pressures, inflation is projected at 6.9 percent in FY2022/2023 and is expected to moderate only gradually over the next year.
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: -IMF cuts India’s growth forecast to 6.8% in 2022.
Detailed explanation-5: -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.