2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Morgan Stanley downgraded India’s growth forecast how much for FY2023?
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9.6%
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8.6%
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6.6%
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7.6%
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Explanation:
Detailed explanation-1: -The growth forecast for the country’s gross domestic product (GDP) for 2022-23 has been lowered by 40 basis points to 7.2 percent, while that for 2023-24 has been reduced by 30 basis points to 6.4 percent, according to a note.
Detailed explanation-2: -Morgan Stanley lowers India’s FY23 GDP forecast to 7.2%
Detailed explanation-3: -India’s GDP to grow at 6.9% in FY23 & will remain one of the fastest-growing major economies, says World Bank.
Detailed explanation-4: -S&P’s forecast is based on the projection that India’s annual nominal gross domestic product growth will average 6.3% through 2030. Similarly, Morgan Stanley estimates that India’s GDP is likely to more than double from current levels by 2031.
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