2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7%
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5.8%
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7.4%
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11%
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Detailed explanation-1: -Global rating major Moody’s Investors Service has scaled down its GDP growth forecast for India’s economy to 6.8% for 2022-23, from an earlier projection of 7%. At the same time, it has raised the growth projection for 2023-24 to 5.5% from the 4.8% rate it had reckoned in November 2022.
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.
Detailed explanation-3: -Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament today, which projects a baseline GDP growth of 6.5 per cent in real terms in FY24. The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, and the ADB and by RBI, domestically.