According to CSO, the Indian economy grew at a five-quarter high of.....in the October-December (2017) period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to CSO, the Indian economy grew at a five-quarter high of____in the October-December (2017) period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

A	7.60%
B	7.20%
C	7.70%
D	7.90%

Explanation:

Detailed explanation-1: -Gross Value Added (GVA): The GVA (at constant prices) is estimated at 6.1% in 2017-18 as compared to 6.6% in 2016-17. The agriculture and industry sectors are expected to grow at 2.1% and 4.4% respectively, while the service sector is estimated to grow at 8.3%.

Detailed explanation-2: -The ‘Construction’ has registered the highest growth rate of 68.33% percent in Q1 of 2021-22 over Q1 of 2020-21.

Detailed explanation-3: -Significant acceleration of growth rate took place in the ‘eighties. In fact, the growth during the ‘eighties, at an annual average rate of 5.9 per cent bettered the world output growth of 3.3 per cent, that of developing countries at 4.3 per cent, and even that of Asia excluding China and India at 5.1 per cent.

Detailed explanation-4: -Services sector has been the major contributor to GDP after the LPG model was implemented.

There is 1 question to complete.