2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.7 %
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7.25 %
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6.95 %
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6.47 %
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Detailed explanation-1: -Last updated: The Economic Survey 2016-17, was tabled in the Parliament on January 31, 2017, by Mr Arun Jaitley, Union Minister for Finance, Government of India. The Survey forecasts a growth rate of 6.75 to 7.5 per cent for FY18, as compared to the expected growth rate of 6.5 per cent in FY17.
Detailed explanation-2: -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. Present this information in the form of a table.
Detailed explanation-3: -Agricultural output has been volatile over the past 10 years, with annual growth ranging from 8.6% in 2010-11, to-0.2% in 2014-15 and 0.8% in 2015-16.
Detailed explanation-4: -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-5: -The gross domestic savings rate has fallen from 34.65 per cent of GDP in 2011-12 to 29.98 per cent in 2016-17. The breakup of the savings shows that the steepest decline has been with respect to the household sector where the total savings have fallen from 23.64 per cent of GDP in 2011-12 to 16.26 per cent in 2016-17.