According to Moody rsquo s Global Macro Outlook 2022 2023 study India rsquo s GDP is now e...........

Current GK (HARCO) Indian Economy

According to Moody’s Global Macro Outlook 2022-2023 study, India’s GDP is now expected to grow at a ___________ annual rate, down sharply from the earlier estimate of 8.8% in May.

7.7 %

8.7%

9.8 %

11.12 %

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Explanation:

According to Moody’s Global Macro Outlook 2022-2023 study, India’s central bank is anticipated to maintain a hawkish posture this year and keep a moderately restrictive policy stance in 2023 to prevent domestic inflationary pressures from escalating. India’s GDP is now expected to grow at a 7.7% annual rate, down sharply from the earlier estimate of 8.8% in May.