As per the Trade and Development Report of UNCTAD, what is the GDP growth of India for 2018?
Options
A. 7.0%
B. 7.2%
C. 6.8%
D. 6.2%
Correct Answer
7.0%
Explanation
The United Nations Conference on Trade and Development (UNCTAD) in its Trade and Development Report predicted the GDP growth of India for 2018 to be at 7%. Previously in 2017, it was 6.2%. According to the report, India's GDP grew 8.2% in the April-June quarter especially due to manufacturing and better farm sector performance. The main reasons for overall 7% growth are: Expansion in services and higher demand for exports.
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