2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to the report of United Nations’ World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?
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7.6 %
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7.5 %
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7.4 %
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7.8 %
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Explanation:
Detailed explanation-1: -GDP growth moderated to 4.8 per cent in H1 of 2019-20, amidst a weak environment for global manufacturing, trade and demand. In 2019-20, fiscal deficit was budgeted at Rs 7.04 lakh crore (US$ 99.56 billion) (3.3 per cent of GDP), as compared to Rs 6.49 lakh crore (US$ 91.86 billion) (3.4 per cent of GDP) in 2018-19.
Detailed explanation-2: -The size of the world economy was $133 trillion in current US dollars in 2019, compared to $120 trillion current US dollars in 2017.
Detailed explanation-3: -Gross domestic product (GDP) growth in India will slow to 6.6% in the financial year 2023-24 from 6.9% projected in the ongoing fiscal, according to the World Bank.
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