Question Details

Economic growth rate projected by the IMF for India in the fiscal Year 2014-15 is:

Options

A

5.4 per cent

B

5.5 per cent

C

5.6 per cent

D

5.7 per cent

Show Answer

Correct Answer :

Option A

5.4 per cent

Solution :

The correct option is 5.4 per cent.


Explanation:

In its World Economic Outlook (WEO) update released in early 2014, the International Monetary Fund (IMF) projected India's economic growth rate for the fiscal year 2014-15 to be 5.4 per cent.


This projection was based on the expectation of a gradual recovery in investment and external demand, alongside policy measures aimed at strengthening macroeconomic stability and addressing supply-side bottlenecks in the Indian economy.

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