India’s Real GDP Growth Forecast to be at 7.8% for 2023-- CRISIL

Current Context: The GDP growth rating agency named CRISIL has retained India’s real GDP growth forecast at 7.8% for the financial year 2023 i.e. 2022-23.

• It was 8.5% projected in the same during Economic Survey.
• As per the agency, there will be nominal growth to come at 12-13%, higher than the 11.1% Budget Estimate, and the headline inflation to average 5.2%.
• The estimated growth will be driven by GoI’s efforts to enhance infrastructure spending and rise in private capital expenditure.
• However, the downside risk to the growth is projected due to the ongoing Russia Ukraine war and rising commodity prices.
• India will expect a growth rate of 8.9% in the current fiscal year ending 31st March 2022.

Question: 

Q.1 As per CRISIL, Indian economy is expected to grow by ____ in 2022-23?
a. 8.3%
b. 6.8%
c. 9.4%
d. 7.8%