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Economy - Current Affairs and GK

Q1:

What is India's expected economic growth rate for FY24, as per the FICCI Economic Outlook Survey?

A 6.3%

B 6.5%

C 6.7%

D 7.2%

ANS:A - 6.3%

The FICCI Economic Outlook Survey predicts a 6.3% expansion in India's economy for the fiscal year FY24. This is a slight moderation from the 7.2% growth recorded in FY23, but it is still a healthy rate of growth. The survey attributes the expected slowdown to several factors, including the ongoing global economic uncertainty, the impact of the monsoon on agricultural output, and the rising cost of living.