The Indian economy will expand by.....in 2017-18, according to the new data of the governments Central Statistics Office (CSO).

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

The Indian economy will expand by____in 2017-18, according to the new data of the government’s Central Statistics Office (CSO).

A	6.10%
B	6.30%
C	6.70%
D	6.50%

Explanation:

Detailed explanation-1: -The Indian economy seems to have started on the road to recovery as it reclaimed the position of the fastest growing economy. According to data released by the Central Statistics Office (CSO) on Thursday, India’s Gross Domestic Product (GDP) grew by 7.7 per cent in the fourth quarter of fiscal year 2017-18.

Detailed explanation-2: -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-3: -The per capita net national income during 2017-18 is estimated to be ‘111, 782 showing a rise of 8.3 per cent as compared to ‘103, 219 during 2016-17 with the growth rate of 9.7percent. 19.

Detailed explanation-4: -India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.

Detailed explanation-5: -In 2016-17, the contribution of primary, secondary and tertiary sectors to India’s GDP (hypothetical figures) was 17.6%, 28.2% and 54.2% respectively. In 2017-18, these shares were 17.7%, 27.0% and 55.3% respectively.

There is 1 question to complete.