Question

    According to the estimates provided by the Asian

    Development Bank , what will be the growth of the Indian economy for FY 24? 
    A 6.1 percent Correct Answer Incorrect Answer
    B 6.3 percent Correct Answer Incorrect Answer
    C 6.5 percent Correct Answer Incorrect Answer
    D 6.7 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    India’s economy would grow 6.7 per cent in Financial Year 2023-24 (FY24) according to the estimates made by ADB raising the estimate from 6.3 per cent it made in September.The lender revised its estimate based on India’s higher-than-expected gross domestic product (GDP) growth, of 7.6 per cent, in the second quarter of FY24. ADB’s growth forecast for FY25 is unchanged at 6.7 per cent.

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