2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
7.2%
|
|
|
6.8%
|
|
|
6.5%
|
|
|
6.7%
|
Detailed explanation-1: -Gross Domestic Product (GDP): The GDP growth rate is estimated to be 5% in 2019-20 as compared to 6.8% in 2018-19. The GDP growth decelerated for the sixth consecutive quarter. In 2020-21, India’s GDP growth rate is expected to be in the range of 6.0%-6.5%.
Detailed explanation-2: -India gdp growth rate for 2020 was -6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018.
Detailed explanation-3: -Real GDP decreased 3.5 percent in 2020 (from the 2019 annual level to the 2020 annual level), compared with an increase of 2.2 percent in 2019 (table 1).
Detailed explanation-4: -The correct answer is 7.6 percent. India Ratings & Research expects India’s real gross domestic product to grow 7.6% in the fiscal year 2022-23.
Detailed explanation-5: -Current-dollar GDP increased 4.1 percent, or $847.5 billion, in 2019 to a level of $21.43 trillion, compared with an increase of 5.4 percent, or $1,060.8 billion, in 2018 (table 1 and table 3). Real GDI increased 1.9 percent in 2019, compared with an increase of 2.5 percent in 2018 (table 1).