Indian economy to grow 7.7% in 2016-2017
Q. India will grow by what percent in 2016-2017, said ICRA?- Published on 22 Mar 16a. 7.6
b. 7.7
c. 7.8
d. 7.9
ANSWER: 7.7
Indian economy will grow 7.7% in 2016-2017, according to rating agency ICRA. It projected Indian economic growth to improve to 7.7% in the coming fiscal led by domestic consumption demand against the backdrop of OROP recommendations and 7th Pay Commission. The agency also said that though fresh project pipelines appear robust, commencement of work will lag announcement provided moderate capacity utilisation is there in some sectors.
