Global research agency Fitch has raised India's growth forecast from 7.4 per cent to __________.
Options
A. 7.6%
B. 7.7%
C. 7.8%
D. 7.9%
Correct Answer
7.8%
Explanation
Global research agency Fitch has raised India's growth forecast for the current fiscal to 7.8 per cent from the earlier 7.4 per cent. However, forecast for the next two fiscal, 2019-20 and 2020-21, have been shaved by 20 basis points (100 basis points means 1 per cent) to 7.3 per cent. Fitch's latest projection for the current fiscal is higher than what is estimated by the Reserve Bank of India and even the Government. While the RBI's estimate is 7.4 per cent, the Government feels that it could be 7.5 per cent. However, the International Monetary Fund (IMF) cut its projection to 7.3 per cent from 7.4 per cent. India Ratings too lowered its growth projection by 20 bps to 7.2 per cent.
More questions
1. The Union government will launch "SAMPADA Scheme" for which sector?
4. The film, 'Pele: Birth of a Legend', is featured in the initial list of Oscar nomination for two categories Best Original Score and Original Song category. Which song from the movie has been selected as one of the nomination contenders?
7. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?
The annual London Indian Film Festival (LIFF) opens today with the red-carpet world premiere of Hollywood-cum-Bollywood starrer "Love Sonia", a film by the Oscar-nominated producer of "Life Of Pi", David Womark. This year, there is also a special cinematic tribute to Bollywood star Sridevi, who died suddenly in February, with a screening of her 1987 box-office hit "Mr India". Another tribute screening is UK-based filmmaker Sangeeta Dutta's docu-feature "Bird of Dusk", in memory of the late Rituparno Ghosh.
9. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?