2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8%
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4%
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7%
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9%
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Detailed explanation-1: -Resilient, but Slowing, Economy: Sustained consumption and investment recoveries underpin Fitch Ratings’ GDP growth forecast of 7.0% in the fiscal year ending March 2023 (FY23).
Detailed explanation-2: -The finance ministry’s Economic Survey has projected the economic growth to be 6.5 per cent in the 2023-24 fiscal beginning April 2023, while the RBI has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal.
Detailed explanation-3: -IMF decreases FY23 India’s GDP growth forecast: In light of lower-than-anticipated output in the second quarter and more sluggish external demand, the International Monetary Fund (IMF) reduced India’s growth prediction for FY23 from 7.4% forecasted in July to 6.8%.