2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6%
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7%
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8%
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9%
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Detailed explanation-1: -S&P cuts India’s economic growth to 7% for FY23 | Business News, The Indian Express.
Detailed explanation-2: -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%.
Detailed explanation-3: -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-4: -India’s economic output will expand by 7% in FY23 and 6% in FY24.
Detailed explanation-5: -S&P Global Ratings has revised India’s real GDP growth for next two fiscal years by 0.5 percentage points, citing slowdown in global demand. GDP for 2022 and 2023 is projected at seven and six per cent, respectively.