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India's Economic Performance FY24

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Questions and Answers

What was India's real GDP growth rate in FY24?

8.2% (correct)

6.4%

7.5%

5.6%

What was the share of the agriculture sector in India's Gross Value Added (GVA) at current prices in FY24?

21.4%

17.7% (correct)

19.5%

23.3%

By how much did India's capital expenditure increase on a year-on-year basis in FY24?

28.2% (correct)

21.9%

32.5%

15.4%

What was the fiscal deficit of the Union Government as a percentage of GDP in FY24?

<p>5.6%</p> Signup and view all the answers

What is the ratio of external debt to GDP for India as of March 2024?

<p>18.7%</p> Signup and view all the answers

Study Notes

India's Economic Performance in FY24

Real GDP Growth: India's real GDP growth rate in FY24 stood at 8.2%.
Agriculture Sector Share: The agriculture sector contributed 17.7% to India's Gross Value Added (GVA) at current prices in FY24.
Capital Expenditure Increase: India's capital expenditure increased by 28.2% year-on-year in FY24.
Merchandise Exports: India's merchandise exports experienced a marginal decline in growth in FY24.
Fiscal Deficit: The Union Government's Fiscal Deficit was 5.6% of GDP in FY24.
Subsidy Decline: The main reason for the decline in expenditure on major subsidies in FY24 was a decrease in food and fertilizer subsidies.
External Debt Ratio: India's external debt to GDP ratio stood at 18.7% as of March 2024.
Service Exports: India's service exports reached a new high of USD 341.1 billion in FY24.

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Description

This quiz evaluates key aspects of India's economic performance in the fiscal year 2024. It covers growth statistics, sector contributions, fiscal health, and export dynamics. Test your knowledge on real GDP growth, external debt, and capital expenditure trends.