Indian Economic Growth and Potential Estimation Quiz
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Questions and Answers

What was the percentage growth rate for the Indian economy in the second advance estimate of the full-year growth for 2023-24?

  • 7.6 percent (correct)
  • 7.3 percent
  • 8.4 percent
  • 8.1 percent

What is the definition of 'one basis point' in terms of percentage points?

  • One hundredth of a percentage point (correct)
  • One thousandth of a percentage point
  • Ten thousandth of a percentage point
  • One millionth of a percentage point

What are the primary risks to India's growth?

  • Geopolitical stability
  • Internal political uncertainty
  • Global financial market instability (correct)
  • Economic growth in developing nations

What is the reason cited in the text for the decline in the share of private consumption expenditure in the GDP in 2023-24?

<p>'More evenly distributed' demand growth (D)</p> Signup and view all the answers

What is the expected reason for the rebound in agricultural sector value added in FY25 according to Nageswaran?

<p>'Quite good' rabi sowing and withdrawal of El Nino (C)</p> Signup and view all the answers

Which statement best describes the trend in agricultural sector growth according to the latest data?

<p>'Somewhat lacklustre' growth (B)</p> Signup and view all the answers

What is the main point made by V Anantha Nageswaran regarding India's GDP growth rate?

<p>It should prompt international organizations to revise their estimates upwards. (C)</p> Signup and view all the answers

Why does Nageswaran mention physical infrastructure, digital infrastructure, and the inclusion agenda in his comments?

<p>To showcase the factors contributing to India's economic growth. (A)</p> Signup and view all the answers

What impacted India's GDP growth rate in the final quarter of 2023 according to the text?

<p>Significantly higher than expected GDP growth. (B)</p> Signup and view all the answers

Why do economists expect international agencies to reconsider their estimates of India's potential GDP growth rate?

<p>As India's GDP growth consistently meets or exceeds expectations. (D)</p> Signup and view all the answers

What was the expectation regarding India's GDP growth for October-December 2023 according to the Moneycontrol survey?

<p>A slowdown to 6.5 percent from the previous quarter. (D)</p> Signup and view all the answers

According to Nageswaran, what is indicative of a structural transformation in India's economy?

<p>Better-than-expected performance boosting purchasing power. (B)</p> Signup and view all the answers

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