What is the estimated GDP growth rate for India for year 2019-20, as was announced by the CCSO in its advance estimates on 7 January 2020?
A. 4%
B. 6%
C. 5%
D. 4.5%
Answer:C
What is the estimated GDP growth rate for India for year 2019-20, as was announced by the CCSO in its advance estimates on 7 January 2020?
A. 4% B. 6% C. 5% D. 4.5%
Explanation: CSO has estimated that India’s GDP growth rate for 2019-20 will be 5%. This figure is dramatically lower than growth rate for 2018-19 (6.8%). This estimate is based on the growth rate recorded in the first two quarters and is also in line with RBI’s estimates. The main reason given for slow growth rate is deceleration in the manufacturing sector........Check More at INDIA GK" App: tinyurl.com/IndiaGK