2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the estimated GDP growth rate of India in the FY22, as per India Ratings?
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7.3 percent
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8.6 percent
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9.1 percent
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10.2 percent
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Explanation:
Detailed explanation-1: -The real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20.
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: -India’s GDP growth: “We have retained our India growth outlook at 7.3 per cent for the fiscal 2022-23 and 6.5 per cent for the next fiscal year, although we see the risks tilted to the downside,” the ratings agency underscored.
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