What is the GDP rate of India for the year 2018-19 as per the report of World Bank?
Options
A. 7.2%
B. 7.3%
C. 7.4%
D. 7.5%
Correct Answer
7.3%
Explanation
The World Bank projected India' GDP, expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years. The Bank said India will continue to be the fastest growing major economy in the world. In India, the growth has accelerated, driven by an upswing in consumption, and investment growth has firmed as the effects of temporary factors wane, the World Bank said in its latest report. Domestic demand has strengthened as the benefits of structural reforms such as Goods and services Tax (GST) harmonization and bank recapitalization take effect. In 2018,China's Projection is 6.5 and 6.2% each in 2019 and 2020 and 6% in 2021, according to the January 2019 Global Economic Prospects report released by the World Bank. Strong domestic demand is envisioned to widen the current account deficit to 2.6 per cent of GDP next year. The World Bank's estimate suggest that India's potential growth rate is around 7%, and is expected to remain around 7%.
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?