Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.73)

73. 

What is the GDP growth of India for the financial year 2020 as per the United Nation's report World Economic Situation and Prospects (WESP) 2019 Mid-year Update ?

[A]. 7.1%
[B]. 7.2%
[C]. 7.3%
[D]. 7.4%

Answer: Option A

Explanation:

United Nation's report World Economic Situation and Prospects (WESP) 2019 Mid-year Update projected India's growth as 7.1%.Among developed economies, United States' will grow at 2.3%, while the European Union's overall economy will expand at 1.5%, Japan at 0.8% and Russia at 1.4%.For India, UN has cut the growth rate by 0.6% to be at 7% for 2019 from the earlier prediction of 7.6% in the January edition. But despite of downward revision, India remains the fastest growing major economy in the world, ahead of China's growth rate of 6.3%.For 2020,

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