Question

ADB has slashed the economic growth forecast for India for 2023-24 (FY24) by 80 bps to ___________.

A 5.4 percent Correct Answer Incorrect Answer
B 5.7 percent Correct Answer Incorrect Answer
C 6.1 percent Correct Answer Incorrect Answer
D 6.4 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The World Bank and the Asian Development Bank (ADB) have slashed their economic growth forecasts for India for 2023-24 (FY24) by 30 and 80 bps to 6.3 and 6.4 per cent respectively, citing risks to the outlook arising from both global and domestic factors. 

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