According to Economic Survey 2020-21, the real growth rate for the financial year 2022 is assumed (on the basis of IMF estimates) to be:

Question

UnlockIAS · Accepted Answer

Correct — D, 11.5 percent. The Economic Survey 2020-21 cited the IMF's projection of 11.5% real GDP growth for India in 2021-22 (FY22), consistent with the Survey's own baseline forecast of around 11% real growth for that year — an expected sharp (V-shaped) recovery after the COVID-19 contraction.

Why the other options are wrong — (a) This figure appears in the same Survey, but as the estimated real GDP contraction for FY21 (the pandemic year), not the projected growth for FY22.  (b) Not the IMF/Survey figure cited for FY22 growth — a plausible-sounding but incorrect distractor.  (c) Also not the cited IMF figure for FY22 — a distractor for a student who recalls 'high growth' without the exact number.

Concept: The Economic Survey, prepared under the Chief Economic Adviser and tabled in Parliament a day before the Union Budget, reviews the past year's economic performance and gives a forward growth outlook, often citing multilateral estimates (IMF, World Bank) alongside its own projections.

State PCS 2021 Q94 — Economy PYQ with Answer

State PCS 2021 Q94 — Economy PYQ with Answer