CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What year did IMF expect Indian economic growth to slow down to 6.1%?
A
2023
B
2022
C
2019
D
2024
Explanation: 

Detailed explanation-1: -IMF expects Indian economy growth to slow down to 6.1% in 2023 from 6.8% in 2022. PTI, Jan 31 2023, 09:14 ist. updated: Jan 31 2023, 09:24 ist.

Detailed explanation-2: -The IMF recently lowered its 2023 growth forecast for India to 5.9 per cent from 6.1 per cent citing slowness of domestic consumption and challenging external condition.

Detailed explanation-3: -The country’s gross domestic product (GDP) growth for the entire financial year 2022-2023 is likely to be higher than first advance estimate of 7% by NSO. The Indian economy is expected to have grown 5.5% during the January-March 2023 period despite multiple global headwinds, economists said.

Detailed explanation-4: -New Delhi: Goldman Sachs on Friday raised India’s GDP growth forecast for calendar year 2023 by 30 basis points to 6.3%, citing a rise in exports. The earlier forecast was made in November, which showed that Indian economy will grow at 5.9%.

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