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

Current Context: As per India Ratings and Research (Ind-Ra), India’s real GDP is to be at 7.6% for FY23.

• 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%