Question

India's GDP is expected to expand 7.5% in 2019-20: World Bank"
- The Economic Times.
Does the given statement mean that welfare of people of India increase at the same rate? Comment with reason.​

Answer 1

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WASHINGTON: India's GDP growth is expected to accelerate moderately to 7.5 per cent in Fiscal Year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption, the World Bank has said.