Read the following passage and answer the question given below:

New Delhi India's economy is likely to grow 7% in the current fiscal year, marginally higher than some recent independent estimates according to the first official numbers for the period released on Friday.

Both RBI and the International Monetary Fund (IMF) have forecast 6.8% growth in FY23 while the World Bank has pegged it at 6.9%. Gross Domestic Product (GDP) had grown 8.7% in FY22, boosted by the pandemic-induced low base of FY 21.

Nominal GDP growth, without adjusting for inflation, is seen at 15.4% in FY23, sharply higher than the 11.1% assumed in the budget, according to the first advance estimates released by the National Statistical Office (NSO).

If the absolute fiscal deficit will be, as projected, at 16.6 lakh crore, the higher growth will depress the gap to 6.1% of GDP in FY23, compared to the 6.4% estimated in the budget.

"This suggests that despite the global headwinds and continued geopolitical uncertainty or friction caused by the Russia-Ukraine conflict, the recovery is on track though there are pressure points," said Sunil Kumar Sinha, principal economist at India Ratings and Research.

The gross value added (GVA) is expected to rise 6.7%, slower than the 8.1% growth seen in FY22.

Pick the word that is closest in meaning to the word 'pegged' in the given text.

fixed

The correct answer is Option (4) → fixed

Here's why:

• The sentence reads: "The World Bank has pegged it at 6.9%."
• In this context, "pegged" refers to setting or estimating something at a specific value.
• "Fixed" carries the same meaning, implying a definite or established number.