WB fixes GDP at 7.6 in 2016, 7.7 in 2017

Q.  World Bank has indicated GDP growth in 2016 will be 7.6. What will it be in 2017?
- Published on 07 Oct 16

a. 7.8
b. 7.7
c. 7.9
d. 8.0

ANSWER: 7.7
 
WB fixes GDP at 7.6 in 2016, 7.7 in 2017Following the MPC, the World Bank has indicated that the GDP growth of India will remain robust in 2016 at 7.6 percent and 2017 at 7.7. percent
  • As per the World Bank, Indian economic growth will remain robust and poverty eradication will top the agenda
  • South Asia remains a global growth hotspot and resilient to headwinds such as slowdown in China
  • Even in South Asian countries like Pakistan growth is expected to reach 5.4 percent in 2018 and Bangladesh will sustain growth at 6.8 percent
  • The main challenges remain domestic, and include policy uncertainty as well as fiscal and fiscal vulnerabilities.

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