Correct Answer : Option (C) - 7.3%
S&P Global Ratings has retained economic growth projection of India at 7.3% in the current fiscal.
S&P has also predicted that inflation is likely to remain above the Reserve Bank of India's upper tolerance threshold of 6% till the end of 2022.
Reason : The external environment has soured for economies in the region and higher global interest rates will exert pressure on central banks.
has projected India's GDP growth rate 6.9% for FY23
..Source : The Hindu
Published On : September 27, 2022
Category : Indian Economy