CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the projected GDP growth rate of India in fiscal 2022-23 as per Fitch Ratings?
A
8.3%
B
8.7%
C
8.9%
D
8.5%
Explanation: 

Detailed explanation-1: -Fitch Ratings retains India’s GDP growth forecast for 2022-23 at 7%

Detailed explanation-2: -Given the stronger-than-expected outturn in the July-September quarter with GDP growth at 6.3 per cent, Fitch forecasts growth at 7 per cent in the financial year ending March 2023 (FY23).

Detailed explanation-3: -Fitch projected India’s GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25, in its Global Economic Outlook, December edition.

Detailed explanation-4: -NEW DELHI, Jan 31 (Reuters) - India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for the current year ending on March 31, as a global slowdown is likely to hurt exports.

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