2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.4 per cent
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7.1 per cent
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7.3 per cent
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7.2 per cent
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Detailed explanation-1: -The International Monetary Fund (IMF) has slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent from 8.2%.
Detailed explanation-2: -Growth is expected to moderate reflecting the less favorable outlook and tighter financial conditions. Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively.
Detailed explanation-3: -IMF lowers India’s growth forecast to 6.8% for 2022-23.
Detailed explanation-4: -We have a slight increase in growth for the region from 3.9% in 2022 to 4% in 2023,” Mr. Gourinchas said.
Detailed explanation-5: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.