2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.9%
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6.9%
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5%
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9%
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Detailed explanation-1: -The World Bank has revised its 2022-23 GDP forecast upward from 6.5 per cent in October to 6.9 per cent. India’s economy has demonstrated resilience despite a challenging external environment, the World Bank said in its latest India Development Update.
Detailed explanation-2: -The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24.
Detailed explanation-3: -World Bank forecasts India’s FY23 GDP at 6.9%; warns of global recession.
Detailed explanation-4: -Description: The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent.
Detailed explanation-5: -Growth in India is projected to slow to 6.9% in FY23, says World Bank. Gross domestic product (GDP) growth in India will slow to 6.6% in the financial year 2023-24 from 6.9% projected in the ongoing fiscal, according to the World Bank.