What was India's economic growth rate in FY22/23, as per the World Bank?

Question

What was India's economic growth rate in FY22/23, as per the World Bank?

A. 6.2%

B. 6.8%

C. 7.2%

D. 7.8%

Correct Answer :

C. 7.2%

The World Bank has estimated India's economic growth rate in FY22/23 to be 7.2%. This is a significant achievement, given the global challenges faced by the country during the year. The growth was primarily driven by strong domestic demand and a revival in the services sector. The World Bank has also projected India's economic growth rate to moderate to 6.3% in FY23/24. This is due to several factors, including the ongoing global economic uncertainty, the impact of the monsoon on agricultural output, and the rising cost of living.

Share this question with your friends

Show all Current Affairs October 2023 MCQ

Comment

Which company partnered with Bridgestone India to install EV chargers for four-wheelers?

D. NTPC

What was India's economic growth rate in FY22/23, as per the World Bank?

Correct Answer :

Show all Current Affairs October 2023 MCQ

Related Questions

Which company partnered with Bridgestone India to install EV chargers for four-wheelers?

What was Pakistan's inflation rate in September 2023?

Who was elected Chairman of the Association of Mutual Funds in India (AMFI) in October 2023?

Who broke the world record in the javelin throw in the F64 category at the 2023 Asian Para Games?

Which country will host the upcoming Asian Para Games 2023?

What percentage of villages in Jammu and Kashmir have achieved Open Defecation Free Plus Model status?

Who launched India's first 5G Training Labs and 5G health applications in all eight North Eastern States?

Which country will take over as Chair of the Indian Ocean Rim Association (IORA)?

Which country's Congress has approved a bill that would abolish income tax?

Which institution recently revealed 'Antimatter's Response to Gravity'?

Which country has approved visa-free entry for Indian visitors and 6 other countries?

Who was awarded the Nobel Peace Prize in 2023?

Which branch of the Indian armed forces received the third guided missile destroyer Imphal delivered by Mazagon Dock Shipbuilders Limited (MDL)?

Who won the gold medal in the women's singles event at the 2023 World Badminton Championships?

Where was the 37th National Games inaugurated in 2023?

Which two companies have partnered to produce wearable devices based on RISC-V technology?

Which comet is also known as the Orionid meteor shower?

What percentage of Bharti AXA Life Insurance did Bharti Group acquire from AXA?

When is Lal Bahadur Shastri Jayanti celebrated in 2023?

Where will the 11th Sultan of Johor Cup be held in 2023?

What was the profession of PV Gangadharan, who passed away recently?

Who was appointed as the chief justice of the Manipur High Court in October 2023?

Which bank has received the Reserve Bank of India's (RBI) approval to acquire a 100% stake in micro-lender Sonata Finance?

Lok Sabha Speaker Om Birla handed over the P20 Presidency to which country at the conclusion of the Ninth P20 Presidency in Delhi?

On what date is International Stuttering Awareness Day observed?

Which country won the gold medal in the men's hockey event at the 2023 Asian Games?

Which state in India has declared the Gangetic Dolphin as its aquatic animal?

Who are the flag bearers for India at the 2023 Asian Para Games opening ceremony?

India has partially resumed visa services for citizens of which country, following a suspension related to strained relations?

How many member countries are there in NATO in 2023?

Also checkout