2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6%
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7%
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8%
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9%
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Detailed explanation-1: -S&P cuts India’s economic growth to 7% for FY23 | Business News,The Indian Express.
Detailed explanation-2: -Pegging India’s gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years.
Detailed explanation-3: -The consequent depreciation of other currencies has been widening the CAD and increasing inflationary pressures in the net importing economies. India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.
Detailed explanation-4: -The Indian economy is estimated to grow at 7 percent in 2022-23, as against the expansion of 8.7 percent in the previous fiscal, the National Statistical Office (NSO) said on Friday.
Detailed explanation-5: -S&P Global Ratings has revised India’s real GDP growth for next two fiscal years by 0.5 percentage points, citing slowdown in global demand. GDP for 2022 and 2023 is projected at seven and six per cent, respectively. As per S&P, regional growth remains healthy overall.