Select the correct answer from the following codes
A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer:C
Select the correct answer from the following codes
A. Only 1 B. Only 2 C. Both 1 and 2 D. Neither 1 nor 2
Explanation: China’s investment rate has plateaued at 48 per cent in recent years. India’s has been an exceptional case where economic growth in the post crisis period was propelled by strengthening of consumption growth, thus defying the secular trends of declining share of consumption. The investment share in India declined much more than the average decline in the lower middle income countries.