2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage of GDP growth did Moody’s predict for India’s economy to recover in 2023?
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5.5%
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5.6%
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5.7%
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5.8%
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Explanation:
Detailed explanation-1: -More About The OECD’s India growth forecast: The report also predicts that India’s GDP will grow by 6.9% in the fiscal year 2023, and around 7% in the following fiscal year, despite tighter financial conditions.
Detailed explanation-2: -Global rating firm Moody’s Investors Services on Wednesday raised India’s growth projection to 5.5 per cent in 2023, up from the earlier projection of 4.8 per cent in November 2022, and to 6.5 per cent in 2024. India’s growth rate in 2023 is the highest among G20 countries, according to Moody’s projection.
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