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Economy - Current Affairs and GK

Q1:

What are India Ratings and Research's revised GDP growth estimate for India in the current fiscal year (FY'24)?

A 6.7%

B 6.2%

C 7.5%

D 7.1%

ANS:A - 6.7%

India Ratings and Research (Ind-Ra) raised the GDP growth estimate for the current fiscal year to 6.7%, citing a robust economy, sustained government capital expenditure, and the potential for new private corporate capital expenditure. The revision reflects the agency's optimism despite acknowledged risks such as weak global growth, trade uncertainties, and volatile geopolitical situations.