2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.7%
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8.5%
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8.1%
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8.4%
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Detailed explanation-1: -Fitch Ratings retains India’s GDP growth forecast for 2022-23 at 7%
Detailed explanation-2: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected,” the agency said in its Global Macro Outlook 2023-24.
Detailed explanation-3: -S&P had earlier projected a 7.8% growth for 2022-23 but had scaled it down to 7.3% in May, citing inflation pressures. “… We have retained our India growth outlook at 7.3% for the fiscal year 2022-2023 and 6.5% for the next fiscal year, although we see the risks titled to the downside.
Detailed explanation-4: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings - Hong Kong - 20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-5: -The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated.