2023
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Question
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As per the World Bank’s Global Economic Prospects Report, what is the expected economic growth of India in 2023-24?
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5.5 %
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6.6 %
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7.0 %
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7.7 %
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Explanation:
Detailed explanation-1: -Source: IMF, April 2023 World Economic Outlook. Note: For India, data and forecasts are presented on a fiscal year basis, with FY 2022/23 (starting in April 2022) shown in the 2022 column. India’s growth projections are 5.4 percent in 2023 and 6.3 percent in 2024 based on calendar year.
Detailed explanation-2: -By Yoshita Singh United Nations, India’s economic growth is projected to decelerate to 6 per cent in 2023 from 6.6 per cent in 2022, according to the United Nations.
Detailed explanation-3: -The World Bank has forecast a 6.3% economic growth rate for India in the current fiscal year (FY) which ends March 31 2024, a downgrade of 0.7 percentage points since its October forecast.
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