Read the following passage and answer the questions given below: In a reversal of the norm elsewhere, in India, policymakers and economists have become optimists while bosses do th... Read the following passage and answer the questions given below: In a reversal of the norm elsewhere, in India, policymakers and economists have become optimists while bosses do the worrying. The country'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naturally as the low interest rates and public spending that got India through the global crisis have been belatedly withdrawn.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. 1. What rate of growth does the central Bank predicts for the Indian economy for next 20 -30 years? (a) eight percent (b) seven percent (c) double digit (d) five percent 2. Who is supposed to do the heavy lifting to turn India into the third largest economy? (a) government agencies (b) private Sector (c) public sector (d) property owners 3. What is India's capability to grow based on? 4. What is casting doubts over India's growth rate? 5. Fill in the blank with a suitable word from the passage. He suffered from a ________ breakdown. 6. Match the words under column 'A' with their meaning under 'B'. A B crisis large optimist difficult phase one who looks forward to a positive Read more