UN Cuts India’s GDP by 2% for 2022

Current Context: UNCTAD report revised India’s GDP growth to 4.6% for FY2022.

• In its economic growth report, United Nations Conference on Trade and Development (UNCTAD) report downgraded India’s growth projection for FY2022 from 6.7% to 4.6%.
• Reason for revision – Ongoing Ukraine war led to fluctuations in oil prices, inflation, and financial instability.
• Static Information:
• UNCTAD – Intergovernmental organization and part of UN Secretariat
• Founded in – 30 December 1964
• HQ – Geneva Switzerland
• Secretary-General - Rebeca Grynspan

Question:

Q.1 UNCTAD has revised India’s GDP growth for FY 2022 to?
a. 6.7%
b. 5.8%
c. 4.6%
d. 3.2%