Question: India Ratings and Research has projected India’s FY23 real GDP growth at __ .
(a) 6.6 Percent
(b) 7.6 Percent
(c) 8.6 Percent
(d) 9.6 Percent
Answer: (b)
Related Facts:
- Ind-Ra projected India’s GDP growth at 7.6% in FY23.
- India Ratings & Research (Ind-Ra) estimated India’s real Gross Domestic Product (GDP) growth in FY23 at 7.6%, which will be 9.1% higher than the FY20 (pre-COVID-19) level.
- The size of the Indian economy was expected to be 10.2 percent lower than the FY23 GDP trend value.
- The investments estimates, as measured by gross fixed capital formation (GFCF), to grow 8.7 percent YoY in FY23.
- Ind-Ra expects fiscal deficit to be at 5.8-6.0 percent of GDP in FY23 and the merchandise exports to grow 18.3 percent YoY in FY23 due to a favourable global trade outlook.
- India Ratings and Research Pvt Ltd is a securities rating agency.
- The Company maintains coverage of corporate issuers, financial institutions, which includes banks and insurance companies. Finance & leasing companies and managed funds, Urban Local Bodies and Project Finance.
BY: AMIT GUPTA