CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ind-Ra, has lowered the economic growth forecast rate of India’s GDP in FY23 to which percent?
A
7.7-7.9%
B
7.6%
C
7.5%
D
7-7.2%
Explanation: 

Detailed explanation-1: -On Thursday, global rating agency Fitch also lowered India’s economic growth forecast for FY23 to 7 per cent from its June 2022 estimate of 7.8 per cent. It now expects the GDP to slow further to 6.7 per cent in FY24 as compared to its earlier forecast of 7.4 per cent.

Detailed explanation-2: -India’s GDP to grow at 6.9% in FY23 & will remain one of the fastest-growing major economies, says World Bank.

Detailed explanation-3: -World Bank on India’s real GDP Last month, the World Bank said it expected India’s real GDP to grow at 6.9 percent in the FY23, up from its previous projection of 6.5%.

Detailed explanation-4: -The Organisation for Economic Co-operation and Development (OECD) has downgraded India’s GDP growth forecast to 6.6% for FY 2022-23 from 6.9% projected earlier on moderation in exports and domestic demand and inflation crimping private consumption.

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