2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7%
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5.8%
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7.4%
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11%
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Detailed explanation-1: -"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-2: -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-3: -Moody’s cuts India’s GDP growth projection for 2022 from 7.7% to 7% | Business Standard News.
Detailed explanation-4: -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.