Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 387)

2023-08-04 Economy

387.

According to S&P Global's report, what is the projected average GDP growth rate for India from FY24 to FY31?

5.2%

6.7%

7.5%

8.9%

Answer: Option

Explanation:

The report forecasts that India will grow at an average rate of 6.7% per year from FY24 to FY31, making it the fastest-growing large economy. India aims to increase its share of global manufacturing exports and raise manufacturing's contribution to GDP to 25% by 2025, as stated in the report by S&P Global.