RBI Bulletin Comes Out with India’s Expected Growth

Current Context: The Reserve Bank of India (RBI), in its “State of the Economy” article in the monthly RBI Bulletin, came out with India’s expected growth.

• According to the “State of the Economy” article, India’s GDP growth in Q2 FY23 (Jun-Sep) is expected to be between 6.1%-6.3%.
• The RBI Bulletin said that if the above growth rate is realized, India will achieve a GDP growth of 7% in 2022-23.
• The RBI pointed out that inclusive growth and balanced regional development were the two key areas of India’s development agenda.
• The RBI also released the 7th edition of its statistical publication titled “Handbook of Statistics on Indian States 2021-22”.
• This edition came up with two new sections- Health and Environment, along with the existing Social and Demographic Indicators; State Domestic Product; Agriculture and Allied; Price and Wages; Industry; Infrastructure; Banking and Fiscal.
• The RBI is India’s central bank that was established in 1935 under the Ministry of Finance with its headquarters in Mumbai. The current Governor of the RBI is Shaktikanta Das.

Question:

Q.1 According to the “State of the Economy” article of the RBI, India’s GDP growth rate in 2022-23 will be?
a. 6.3%
b. 7.0%
c. 7.7%
d. 8.0%