2022
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Question
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7.3
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7.6
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7.4
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7.5
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Detailed explanation-1: -India’s output will expand 7 per cent in the fiscal year 2022-2023 (ending in March 2023) and 6 per cent in the next fiscal year, by our estimates,” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said.
Detailed explanation-2: -S&P had in September projected the Indian economy to grow 7.3% in 2022-23 and 6.5% in next fiscal year (2023-24).
Detailed explanation-3: -Standard & Poor’s credit rating for India stands at BBB- with stable outlook.
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: -India’s nominal growth, which includes inflation, is projected to be at 15.4% for 2022/23, up from an earlier 11.1% estimate. “The nominal GDP growth is higher, implying that the government’s fiscal deficit target will be achieved,” said Sabnavis.