CII calculates GDP of India at 8%

Q.  India is going to experience which rate of economic growth according to CII in 2016-2017?
- Published on 11 Apr 16

a. 7.4%
b. 7.5%
c. 7.9%
d. 8%

ANSWER: 8%
 
Terming GDP calculation as an imprecise science, CII has pegged the economic growth of the country at 8 percent for the current fiscal, higher than 7.6% pegged by the RBI. GDP growth of 8 percent is expected in 2016-2017says CII President Naushad Forbes. The basis for this economic prediction includes strong macroeconomic fundamentals and good business sentiments as well as downward trend in interest rates. CII’s new president also highlighted the need for focusing on regulatory mechanisms.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲