CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Asian Development Bank (ADB) has reduced the economic growth projection for India to what percent?
A
6%
B
8%
C
7%
D
3%
Explanation: 

Detailed explanation-1: -For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent.

Detailed explanation-2: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.

Detailed explanation-3: -NEW DELHI: India’s gross domestic product (GDP) growth is estimated at 7% for 2022-23 on the back of a rebound in services and farm sectors but may face strong headwinds in the months ahead due to the geopolitical situation and possible recession in several countries across the globe.

Detailed explanation-4: -The World Bank in its India Development Update revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from its earlier estimate of 6.5 per cent, saying the economy was showing higher resilience to global shocks.

Detailed explanation-5: -The Survey says, in real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year.

There is 1 question to complete.