BANKING GENERAL KNOWLEDGE
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Question
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India’s Gross Domestic Product (GDP) grew____year-on-year during the January-March, 2017 period according to government data.
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6.7 per cent
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6.5 per cent
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6.3 per cent
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6.1 per cent
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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: -Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level), compared with an increase of 2.2 percent in 2017 (table 1).
Detailed explanation-3: -India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
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