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India’s Real GDP for FY23 to be at 7.6% -- ‘Ind-Ra’

Published on January 22, 2022
Current Context: As per India Ratings and Research (Ind-Ra), India’s real GDP is to be at 7.6% for FY23.
India’s Real GDP for FY23 to be at 7.6% -- ‘Ind-Ra’
  • It will be 9.1% higher than FY20.
  • However, the size of the Indian economy was expected to be 10.2% low than the FY23 GDP trend value.
  • As per Ind-Ra, the fiscal deficit was to be at 5.8-6% of GDP in FY23.
  • The merchandise export will grow to 18.31% YoY in FY23, which is termed to be good for global trade.
  • Static Part: 
    • HQ of Ind-Ra: Mumbai

Question: 

Q.1 As per Ind-Ra, India’s GDP to be ____ at for FY23?
a. 8.6%
b. 7.6%
c. 10.6%
d. 9.6%
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