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    Question

    ADB has slashed the economic growth forecast for India

    for 2023-24 (FY24) by 80 bps to ___________.
    A 5.4 percent Correct Answer Incorrect Answer
    B 5.7 percent Correct Answer Incorrect Answer
    C 6.1 percent Correct Answer Incorrect Answer
    D 6.4 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The World Bank and the Asian Development Bank (ADB) have slashed their economic growth forecasts for India for 2023-24 (FY24) by 30 and 80 bps to 6.3 and 6.4 per cent respectively, citing risks to the outlook arising from both global and domestic factors. 

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