Question

What is annual growth rate?

Answer 1

Average annual growth rate refers to the average increase in an individual’s or investment value over a year’s period.

Answer 2

The average annual growth rate is the average increase in the value of an individual investment, portfolio, asset or cash stream over specific interval of time. It is calculated by taking the arithmetic mean of the growth rate over the time periods in question.
The GDP of India is 7.1%.

Hope this helps!!