Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the predicted economic growth rate for India during the next 20-30 years according to the Central Bank?
What is the predicted economic growth rate for India during the next 20-30 years according to the Central Bank?
- 8-10 percent (correct)
- 6-7 percent
- 10-15 percent
- 15-20 percent
What is the current GDP growth rate of India?
What is the current GDP growth rate of India?
- 7.8 percent
- 6-7 percent (correct)
- 8-10 percent
- 15-20 percent
What is causing the slowdown in India's economy?
What is causing the slowdown in India's economy?
- Exorbitant food prices
- Low interest rates
- Public spending (correct)
- Entrepreneurial spirit
Flashcards are hidden until you start studying
Study Notes
- India's Central Bank has predicted that India's economy is likely to grow at a double digit rate during the next 20-30 years.
- India has the capability with its vast labour and lauded entrepreneurial spirit.
- But the private sector, which is supposed to do the heavy lifting that turns India from the tenth largest economy to the third largest by 2030, has become fed up.
- Business people often crib about India's problems but their irritation this time has a nervous edge.
- In the first quarter of 2011, the GDP grew at an annual rate of 7.8 percent; in 2015-17 it managed 6-7 percent.
- The economy may be slowing naturally as the low interest rates and public spending that got India through the global crisis have been belatedly withdrawn.
- At the same time, the surge in inflation caused by exorbitant food prices has spread more widely, casting doubt over whether India can grow at 8-10 percent in the medium term without overheating.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
