2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage did the World Bank project for India’s GDP growth in FY24?
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6.3%
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6.1%
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6.2%
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6.4%
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Explanation:
Detailed explanation-1: -India GDP growth is expected to moderate to 6.3 per cent in FY24 due to shrinkage in consumption on back of slower income, said World Bank in its report. The World Bank has lowered its forecast for India’s economic growth in the current fiscal year from 6.6%.
Detailed explanation-2: -The World Bank has revised its FY23/24 GDP forecast to 6.3 percent from 6.6 percent (December 2022). Growth is expected to be constrained by slower consumption growth and challenging external conditions.
Detailed explanation-3: -India’s GDP to grow at 6.2% in FY24, RBI to cut rate in Q1 2024: Morgan Stanley. Morgan Stanley predicts that India’s gross domestic product will grow by 6.2% in FY24.
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