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Question

According to the SBI Ecowrap report, what is the estimated GDP growth rate for India in FY23?
  • 6.8%
  • 7.1%
  • 7.3%
  • 8.1%
Answer- B
As per the recent report from SBI Ecowrap, it suggests that India's GDP (gross domestic product) is projected to expand by 7.1% in FY23, aligning with the second advance estimates presented by the National Statistical Office (NSO) in February.

This growth forecast is consistent with the Reserve Bank of India's (RBI) recent statement indicating a potential surpassing of the estimated 7% GDP growth for FY23.

The report also offers insights into the anticipated growth for Q4 FY23, FY24, global economic trends, and India's domestic business performance.