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Question

India's GDP growth projection is retained at _________ by OECD.

A 7.8 percent Correct Answer Incorrect Answer
B 5.5 percent Correct Answer Incorrect Answer
C 6.9 percent Correct Answer Incorrect Answer
D 4.9 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Economic grouping OECD in a report retained the GDP growth projections for India at 6.9 per cent for the current financial year despite the global economy losing momentum in wake of the Russia-Ukraine war. The projection by the Organization for Economic Cooperation and Development (OECD) is lower than the Reserve Bank’s growth forecast of 7.2 for 2022-23. The growth last year (2021-22) was 8.7 percent.

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