BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.4 per cent
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4.1 per cent
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4.6 per cent
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4.9 per cent
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Detailed explanation-1: -Industrial growth: The overall industrial sector growth was 5.8% in the second quarter of 2017-18 as compared to 1.6% in the first quarter. As per the estimate of national income 2017-18, industrial sector grew at 4.4% and the manufacturing sector grew at 4.6%.
Detailed explanation-2: -Share of Industry sector has also increased to 24.77%. According to CIA Fackbook, sector-wise Indian GDP composition in 2017 is as follows: Agriculture (15.4%), Industry (23%), and Services (61.5%).
Detailed explanation-3: -2017 GDP. Real GDP increased 2.3 percent in 2017 (that is, from the 2016 annual level to the 2017 annual level), compared with an increase of 1.5 percent in 2016 (table 1). The increase in real GDP in 2017 primarily reflected positive contributions from PCE, nonresidential fixed investment, and exports.
Detailed explanation-4: -At the sectoral level, the growth rate of GVA at constant (2011-12) prices for agriculture & allied sectors, industry and services sectors for the year 2017-18 are estimated at 3.4 per cent, 5.5 per cent, and 7.9 per cent respectively.
Detailed explanation-5: -India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.