Question Bank - Current Affaires

Here's the question bank on all the current affaires topics.

The World Bank has cut India's economic growth forecast for the fiscal year 2022-23 to ____________.

A.
7.5 per cent
B.
5.5 per cent
C.
6.5 per cent
D.
4.5 per cent

Solution:

The correct answer is 7. 5 per cent. The World Bank on 7 June 2022 cut India's economic growth forecast for the current fiscal 2022-23 to 7. 5 per cent. This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal 2022-23 (April 2022 to March 2023). In April 2022, it had trimmed the forecast from 8. 7 per cent to 8 per cent and now it is projected at 7. 5 per cent. Additional Information?Important Current Affairs on India's GDP growth in 2022:SBI Research Report has estimated that the Indian economy will grow at 7. 5 per cent in 2022-23. Morgan Stanley has trimmed India's economic growth forecast by 50 basis points to 7. 9% for the fiscal year 2022-23. The World Bank has retained its forecast for India's GDP growth for FY22 at 8. 3%, according to its global economic prospectus report. Further, the Washington-based agency has upgraded its forecast for FY23 and FY24 to 8. 7% and 6. 8% respectively. Global growth is expected to decelerate "markedly" to 4. 1% in 2022 from 5. 5% in 2021 and drop further to 3. 2% in 2023. As per the National Statistical Office (NSO) report released on 7 January 2022, India's Gross domestic product (GDP) is expected to grow at 9. 2 per cent in the fiscal year 2021-22. The National Statistics Office (NSO) is responsible for collecting, compiling, classifying, producing, publishing statistics, and for carrying out and administering the provisions of the Civil Registry Law. ?The Reserve Bank of India's pre-third wave projection of GDP growth was 9. 5% in December 2021. HDFC Bank expects the GDP growth for FY22 to be between 9% and 9. 5%. Retail inflation declined to 4. 35 per cent in September 2021, mainly due to lower food prices, according to government data released.

For more questions,

Click here

Download Gyanm App

free current affairs for competitive exams

Scan QR code to download our App for
more exam-oriented questions

free current affairs for competitive exams

OR
To get link to download app

Thank you! Your submission has been received. You will get the pdf soon. Call us if you have any question: 9117343434
Oops! Something went wrong while submitting the form.