Question

What is the present condition of the GDP in India ​

Answer 1

Answer:

India has a high national debt with 68% of GDP, while its fiscal deficit remained at 3.4% of GDP. However, as per 2019 CAG report, the actual fiscal deficit is 5.85% of GDP.

Explanation:

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Answer 2

Answer:

• The Indian economy grew at 4.5 percent in the second quarter of the current fiscal year as compared to the same quarter of the previous year. This makes it the SIXTH SUCCESSIVE quarter when the country’s gross domestic product (GDP) has shrunk. If the trend continues for one more quarter, it would make for the longest spell in over two decades since quarterly GDP data is available for India. There is a high likelihood of such a scenario fructifying. The data shows why this is the case.