RBI survey says GVA will increase to 7.8%
Q. An RBI survey has said that GA will increase to ___ in the coming fiscal from 7.4% in 2015-2016.- Published on 08 Feb 16a. 7.6
b. 7.7
c. 7.8
d. 7.9
ANSWER: 7.8
Professional forecasters have expected Gross Value Added at basic price to rise to 7.8% from 7.4% in 2015-2016. Output growth measured GVA is expected to enhance itself marginally in 2015-2016 and further in 2016-2017. Quarterly growth projections for the next 5 quarters ensure that growth is likely to peak in July-September 2016-2017. Real GVA at base price will rise by 7.8% in 2016-2017. GVA is a globally accepted measure for gauging economic activity within the nation. CSO will release GDP and GVA estimates at basic price soon. Rupee is expected to remain stable against the US dollar, according to the survey.
