2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.4%
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-12.3%
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-9.6%
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-34.8%
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Detailed explanation-1: -The World Bank has revised its 2022-23 GDP forecast upward to 6.9 percent from 6.5 percent (in October 2022), considering a strong outturn in India in the second quarter (July-September) of the 2022-23 financial year.
Detailed explanation-2: -World Bank revises India’s FY 2022-23 GDP growth forecast to 6.9%-BusinessToday.
Detailed explanation-3: -"For India, 2022 was special. It marked the 75th year of India’s Independence. India became the world’s fifth largest economy, measured in current dollars. Come March, the nominal GDP of India will be around USD 3.5 trillion, ” the Survey said.
Detailed explanation-4: -The report forecasts that the Indian economy will grow at 6.6% in the next financial year (2023-24), which is lower than its earlier projection of 7%. The October edition of the International Monetary Fund’s World Economic Outlook also projected India’s GDP growth for 2022-23 and 2023-24 at 6.8% and 6.1%, respectively.