2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much percentage did India’s economy forecast remains unchanged for 2018 by Asian Development Bank?
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7.3 %
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8.5 %
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6.8 %
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10.5 %
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Explanation:
Detailed explanation-1: -Last updated: The Economic Survey 2018-19 was announced on July 4, 2019, by Ms Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India. The Survey forecasts a growth rate of 7 per cent for FY20, as compared to the growth rate of 6.8 per cent in FY19.
Detailed explanation-2: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-3: -Growth of the Indian economy moderated in 2018-19 with a growth of 6.8 per cent, slightly lower than 7.2 per cent in 2017-18. Yet, India continued to be the fastest growing major economy in the world.
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