2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.2 %
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7.3 %
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7.4 %
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7.5 %
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Detailed explanation-1: -World Bank forecasts India GDP growth rate at 7.3% in 2018-19.
Detailed explanation-2: -“Real GDP or GDP at constant (2011-12) prices for the years 2019-20 and 2018-19 stands at Rs 145.69 trillion and Rs 140.03 trillion, respectively, showing a growth of 4.0 per cent during 2019-20 and 6.5 per cent during 2018-19,” National Statistical Office said in revised national account data.
Detailed explanation-3: -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).
Detailed explanation-4: -5) The World Bank said that in the financial year 2018-19, India’s growth accelerated to an estimated 7.3 per cent from 6.7 per cent the previous year. This was because the economic activity continued to recover with strong domestic demand.
Detailed explanation-5: -The UN World Economic Situation and Prospects (WESP) as of mid-2018, launched here today, said GDP growth in India is expected to climb to 7.5 and 7.6 per cent in fiscal years 2017-18 and 2018-19 respectively. This is a substantial recovery from the 6.7 per cent growth India registered in fiscal year 2017.