2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.8
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7.5
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5.8
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9.2
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Detailed explanation-1: -The country’s GDP is likely to grow at 5.8 percent in the third quarter of fiscal 2022, according to an SBI’s research report- Ecowrap.
Detailed explanation-2: -Economic growth waned in the third quarter, with GDP expanding 6.3% on an annual basis (Q2: +13.5% year on year), marginally beating market expectations.
Detailed explanation-3: -Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.
Detailed explanation-4: -With nominal GDP of 10.6%-11%, India’s gross tax collection growth rate is likely to be around 8% in 2023/24, compared with 14.5% in the current year, due to base effect, said Gaura Sengupta, an economist at IDFC First Bank.
Detailed explanation-5: -India’s output will expand 7% in fiscal year 2022-2023 and 6% in next fiscal year,” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. Meanwhile, SBI Research expects FY23 economic growth at 6.8% as against the RBI’s projection of 7%. In addition, it estimated Q2FY23 growth at 5.8%.