How Well Do You Know About IMF's Projections for India's Economic Growth?
3 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the reason for the downward revision in India's projected growth rate for the fiscal year 2023-24, according to the IMF?

  • The COVID-19 pandemic's impact on the economy
  • Lack of foreign investment in India
  • Historical numbers being better than expected (correct)
  • Trade tensions with other countries
  • What is the projected growth rate for India for the next fiscal year, according to the IMF?

  • 7.2%
  • 5.9%
  • 6.3% (correct)
  • 6.8%
  • What is the outlook of the IMF on India's economy?

  • Neutral
  • Pessimistic
  • Optimistic (correct)
  • Uncertain
  • Study Notes

    • IMF projects India's economy to grow by 5.9% for the fiscal year 2023-24.
    • This is a downward revision of 0.2 percentage points from the previous forecast.
    • IMF estimates a 6.3% growth rate for India for the next fiscal year.
    • This is a downward revision of 0.5 percentage points from the last forecast.
    • The down revision is due to historical numbers being better than expected.
    • The IMF maintains an optimistic outlook on India.
    • Global output growth is projected to slow down in 2023 and pick up in 2024.
    • IMF economist Daniel Leigh said India has a strong economy necessary for higher living standards and job creation.
    • The pent-up demand for consumption is expected to be less due to the better-than-expected performance in 2020-21.
    • The growth numbers were released as part of the World Economic Outlook report.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    "Test Your Knowledge on IMF's Latest Projections for India's Economy" - Take this quiz to see how well you know about IMF's recent projections for India's economic growth rate. With downward revisions and optimistic outlooks, learn about the factors affecting India's economy and the global output growth projections for the next few years. Test your knowledge and stay informed about the latest economic trends with this quiz!

    More Like This

    Use Quizgecko on...
    Browser
    Browser