CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the projected GDP Growth rate of India in FY23?
A
8.2 %
B
6. 0 %
C
7.5 %
D
6.9 %
Explanation: 

Detailed explanation-1: -The Indian economy is estimated to grow at 7 percent in 2022-23, as against the expansion of 8.7 percent in the previous fiscal, the National Statistical Office (NSO) said on Friday.

Detailed explanation-2: -India’s GDP had grown at 8.7% in the year ending 31 March, 2022. The country’s nominal GDP growth for FY23 is estimated at 15.4% as against 19.5% in FY22, the Ministry of Statistics & Programme Implementation said in a statement.

Detailed explanation-3: -The economic survey forecast India’s economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The 6.5 per cent means India’s economic growth next fiscal year will still be the fastest among major economies.

Detailed explanation-4: -The Real GDP growth for 2023-24 is projected at 6.4 percent with Q1 at 7.8%, Q2 at 6.2%, Q3 at 6% & Q4 at 5.8% :RBI Governor Shaktikanta Das.

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