Difficulty: Easy
Correct Answer: 6.75% to 7.5%
Explanation:
Introduction / Context:
This question relates to official economic projections presented in the Economic Survey of India, a key document released each year by the government before the Union Budget. It tests knowledge of the projected GDP growth band for financial year 2017 to 2018 as stated in the 2016 to 2017 survey.
Given Data / Assumptions:
Concept / Approach:
The Economic Survey often gives a band of possible growth outcomes to reflect uncertainty. For the period in question, after considering factors like global conditions and domestic policy moves, the survey projected GDP growth in a range that started from 6.75% and went up to 7.5%. The best approach is to remember this band and then select the option that matches it exactly.
Step-by-Step Solution:
Step 1: Recall that the Economic Survey gave a growth range rather than a single number.Step 2: Remember that the lower bound of the range was 6.75%.Step 3: Remember that the upper bound of the range was 7.5%.Step 4: Compare the options to find the one that matches 6.75% to 7.5% exactly.Step 5: Select 6.75% to 7.5% as the correct answer.
Verification / Alternative check:
Economic Survey summaries and exam oriented current affairs notes reproduce the projection as 6.75% to 7.5%. This range is widely quoted in competitive exam questions dealing with that year growth outlook. The absence of 6.25% or 6.55% in the official range further confirms that option D is correct.
Why Other Options Are Wrong:
The range 6.25% to 7.5% lowers the starting point too far compared to the official survey band.The ranges 6.55% to 7.25% and 6.55% to 7.5% use 6.55% as the lower bound, which does not appear in the Economic Survey projection.The range 7.0% to 7.75% starts higher than the survey lower bound and extends beyond the upper bound, making it inaccurate.
Common Pitfalls:
Because several institutions release slightly different growth forecasts, candidates may mix up numbers from rating agencies, international organisations and the Economic Survey. Another issue is rounding; some students only remember that growth was expected around seven percent and then guess the range. To avoid such mistakes, it is helpful to memorise a few key official ranges exactly as given in the survey, especially when they are commonly asked in exams.
Final Answer:
The Economic Survey of India 2016 to 2017 projected India GDP growth for financial year 2017 to 2018 in the range of 6.75% to 7.5%.
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