2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.3 %
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8.5 %
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9.5 %
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11.5 %
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Detailed explanation-1: -1.4 India’s growth of real GDP has been high with average growth of 7.5 per cent in the last 5 years (2014-15 onwards). The Indian economy grew at 6.8 per cent in 2018-19, thereby experiencing some moderation in growth when compared to the previous year.
Detailed explanation-2: -In its December edition of the Global Economic Outlook, Fitch projected India’s GDP to grow at 7 per cent in the current fiscal, at a slower rate of 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25.
Detailed explanation-3: -India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
Detailed explanation-4: -Fitch Affirms India at ‘BBB-’; Outlook Stable. Fitch Ratings - Hong Kong - 20 Dec 2022: Fitch Ratings has affirmed India’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary.