What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?
A) 6.25 % to 7.5% B) 6.55 % to 7.25% C) 6.55 % to 7.5% D) 6.75 % to 7.5%
Answers
Answer:
6.75 % to 7.5%
Explanation:
The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth forecast to be in 6.75 % to 7.5% for FY 18. The range comes due to uncertainties in the world, including protectionist tendencies. The GDP growth rate at constant market prices for the current year FY 17 (2016-17) has projected at 7.1% in the survey.The survey highlights difficulties in privatizing public enterprises, even for firms where economists have made strong arguments that they belong in the private sector. In this context, the Survey points towards the need to further privatize the Civil Aviation, Banking and Fertilizer sectors. The survey was prepared by the finance ministry’s chief economic adviser Arvind Subramanian.
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Answer:
Answer: D) 6.75 % to 7.5%
Explanation:
The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.