2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
9.5% to 8%
|
|
|
2% to 4%
|
|
|
9% to 10%
|
|
|
5% to 5.5%
|
Detailed explanation-1: -“We have lowered our growth forecast for FY 2022-2023 to 8.5 per cent (-1.8 pp) on sharply higher energy prices, ” Fitch said in its global economic outlook report. In its earlier report released by December 2021, Fitch had pegged India’s GDP growth for 2022-23 at 10.3 per cent.
Detailed explanation-2: -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.
Detailed explanation-3: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings-Hong Kong-20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.
Detailed explanation-4: -India Ratings and Research (Ind-Ra) has revised India’s real GDP growth projection for 2022-23 downwards to 6.9 per cent from 7 per cent estimated earlier.
Detailed explanation-5: -Fitch Ratings on December 20, 2022 retained its rating for India at ‘BBB-’ with a stable outlook, even as it expected a modest ‘fiscal slippage’ this year from the central government’s fiscal deficit target of 6.4% to GDP to 6.6% of GDP, due to higher food and fertiliser subsidies.