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    Question

    According to the United Nations World Economic Situation

    and Prospects Report, India’s economy, the largest in the South Asian region, is expected to expand by _____ in 2023.
    A 4.7 percent Correct Answer Incorrect Answer
    B 4.9 percent Correct Answer Incorrect Answer
    C 5.3 percent Correct Answer Incorrect Answer
    D 5.8 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the United Nations World Economic Situation and Prospects Report, India’s economy, the largest in the South Asian region, is expected to expand by 5.8 per cent in 2023 and 6.7 per cent in 2024 (calendar year basis), supported by resilient domestic demand.    Inflation in India is expected to decelerate to 5.5 per cent in 2023 as global commodity prices moderate and slower currency depreciation reduces imported inflation.

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