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