2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country’s government forecasted FY22 economic growth at 9.2%?
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Iran
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Iraq
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Italy
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India
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Explanation:
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%.
Detailed explanation-2: -Growth in India is set to decline from 6.8% in 2022-23 to 6.1% in 2023-24, before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds, according to the IMF World Economic Outlook update.
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