2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8 percent
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7 percent
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9 percent
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11 percent
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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: -India’s Economic Performance in 2019-20 India’s GDP growth moderated to 4.8 % in H1 of 2019-20, amidst a weak environment for global manufacturing, trade and demand. Real consumption growth has recovered in Q2 of 2019-20, cushioned by a significant growth in government final consumption.
Detailed explanation-4: -Sector-wise GDP of India The services sector accounts for 53.89% of total India’s GVA of 179.15 lakh crore Indian rupees. With GVA of Rs. 46.44 lakh crore, the Industry sector contributes 25.92%. While Agriculture and allied sector share 20.19%.