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Today General Knowledge(GK)
S&P Global Ratings has retained economic growth projection of India at ______ in 2022-2023.
A)
6.4%
B)
6.9%
C)
7.3%
D)
7.8%

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.

While, OECD has projected India's GDP growth rate 6.9% for FY23..

Source : The Hindu

Published On : September 27, 2022
Category : Indian Economy
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