2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the projected GDP growth rate of India in the calendar year 2022 as per Moody’s?
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9.1%
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7.1%
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8.8%
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9.5%
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Explanation:
Detailed explanation-1: -Moody’s said it now expects India’s GDP growth to slow to 7% in 2022 – versus its previous estimate of 7.7% – and then decelerate to 4.8% in 2023, before recovering to around 6.4% in 2024. The Reserve Bank of India expects 2022-23 growth of 7%.
Detailed explanation-2: -Moody’s Investors Service on Friday lowered India’s economic growth projection for 2022 to 7% from 7.7% earlier.
Detailed explanation-3: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.
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