Morgan Stanley forecasts 6.2% growth in India's GDP in FY24

Current Context: According to a report by Morgan Stanley, India's GDP is predicted to grow by 6.2% in FY24 due to the reopening of the economy, increased private sector investment, a cyclical recovery in consumption and an increase in government spending.

• The report also said the inflation in India is likely to be below 5 per cent in the second quarter of calendar year 2024.

Question:

Q.1 According to Morgan Stanley, what is the predicted growth rate of India’s GDP in FY24?
a. 4.2%
b. 5.2%
c. 6.2%
d. 7.2%