Question
As per RBI Annual Report 2021-22, the monetary policy of
the RBI has revised the real GDP growth for 2022-23 is _______?Solution
The monetary policy of the RBI has revised the real GDP growth for 2022-23 to 7.2 percent. This is a 60 basis points decline from the predictions it made pre-war. The GDP has been downgraded mainly due to higher oil prices affecting private consumption and higher imports due to which net exports have reduced.
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