Indian economy pegged to grow at 7 to 7.5% in 2015-2016
Q. Indian economy is slated to grow by what percent according to the Mid Year Economic review?- Published on 21 Dec 15a. 7 to 7.3%
b. 6 to 7.1%
c. 7 to 7.5%
d. None of the above
ANSWER: 7 to 7.5%
Indian economy is likely to grow at 7 to 7.5% in the fiscal 2015-2016 while retail inflation is pegged at 6%, according to a Mid Year Economic Review authored by Chief Economic Advisor Arvind Subramaniam. Growth for 2017 is slated to be higher than attained in 2016, as per the report. Report reiterates previously laid out growth target, yet gave a more conservative value when it comes to inflation. Report also said that India would meet its fiscal deficit target of 3.9% and revenue deficit target of 2.8% for this year.
