Which of the following Project forecast the Current GDP Cut-off rate for the financial year 2022?
A. Moody Forecast
B. parametric vector autoregressive (VAR) modeling
C. Quarterly Forecasting Model
D. Dynamic Factor Modelling
Answer:A
Which of the following Project forecast the Current GDP Cut-off rate for the financial year 2022?
A. Moody Forecast B. parametric vector autoregressive (VAR) modeling C. Quarterly Forecasting Model D. Dynamic Factor Modelling
Explanation: The rating agency Moody’s has cut the gross domestic product (GDP) forecast of India for FY22 (01 April 2021-31 March 2022) to 9.3 percent. Earlier this rate was projected at 13.7 percent. The downward revision in GDP estimates is due to the second wave of Covid infections across the country, which have triggered localized lockdowns and mobility curbs.