2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per the recent OECD report, what is the GDP forecast for India for FY23?
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6.6 %
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7.2 %
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6.1 %
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7.5 %
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Explanation:
Detailed explanation-1: -The Organisation for Economic Co-operation and Development (OECD) recently slashed India’s GDP forecast for the current financial year (FY2023) from 6.9 per cent to 6.6 per cent in its latest economic outlook report.
Detailed explanation-2: -The overall growth remains robust and is estimated to be 6.9 percent for the full year with real GDP growing 7.7 percent year-on-year during the first three quarters of fiscal year 2022/23.
Detailed explanation-3: -More About The OECD’s India growth forecast: The report also predicts that India’s GDP will grow by 6.9% in the fiscal year 2023, and around 7% in the following fiscal year, despite tighter financial conditions.
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