Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1677)

2018-12-25 Banking

1677.

ICICI Bank has projected the GDP (Gross Domestic Product) to increase to what percent in 2019-20 and 7.2% in 2018-19?

7.4 %

7.6 %

7.7 %

7.9 %

Answer: Option

Explanation:

ICICI Bank projected the GDP to increase to 7.4% in 2019-20. Its growth forecast for 2018-2019 is at 7.2 mainly due to slow consumption. It states that one of the biggest factors restricting growth will be the real estate and small scale units as they are yet to recover from effects of GST and demonetisation.