CRISIL reduces India's FY23 GDP growth estimate to ___% from ___

Today General Knowledge(GK)

CRISIL reduces India's FY23 GDP growth estimate to ___% from ____%.

7.3% from 7.8%

7.8% from 8.1%

8.3% from 8.9%

9.0% from 9.5%

Correct Answer : Option (A) - 7.3% from 7.8%

* Crisil has cut the real GDP growth forecast for India to 7.3% in FY23 from 7.8%.

* Reason : The downward revision to higher oil prices, slowing of export demand and high inflation.

* The RBI has also estimated 7.2% real GDP growth for this fiscal year.

* Inflation has been pegged to average at 6.8% in FY23 as against 5.5%t in FY22, it reduces the purchasing power of consumers.

* World Bank GDP forecast for FY23 : 7.5%

Source : Business Standard

Published On : July 3, 2022

Category : Indian Economy

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