2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9.3%
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9.5%
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9.1%
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9.7%
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Detailed explanation-1: -The full year (FY22) GDP growth is now revised downwards to 8.8% from our earlier estimate of 9.3%. With this the real GDP will be around Rs 2.35 lakh crore more / 1.6% higher than the FY20 Real GDP of Rs 145.69 lakh crore.
Detailed explanation-2: -Representative image With the GDP data to be released on the 30th of November 2022, the SBI Ecowrap report estimates that Q2 FY23 GDP growth to be pegged at 5.8% . This comes in the backdrop of the IMF projecting Global Growth to slow down from 6% to 3.2% in 2022 and further to 2.3% in 2022.
Detailed explanation-3: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.
Detailed explanation-4: -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.
Detailed explanation-5: -Real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.