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According to the Global ratings agency “Fitch”, the India’s Gross Domestic Product (GDP) growth projection for 2017-18 has reduced to ____% from earlier 6.9 %?
  • a)
    5.7
  • b)
    6.7
  • c)
    7.7
  • d)
    8.7
  • e)
    9.7
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
According to the Global ratings agency “Fitch”, the India&...
Global ratings agency Fitch has lowered the India’s Gross Domestic Product (GDP) growth projection for 2017-18 to 6.7 per cent from earlier 6.9 per cent. This revelation was done in Fitch’s December 2017 Global Economic Outlook (GEO) released on December 4, 2017. India’s growth in first quarter of 2017-18 stood at 5.7 percent. For second quarter, the growth improved to 6.3 per cent. As per Fitch this rebound in growth in second quarter was weaker than expected and thus led to lowering the annual growth forecast for 2017-18. The report has outlined that India’s growth has been not up to the mark in recent quarters. However it may partly be attributed to one-off factors such as demonetisation in November 2016 and rollout of Goods and Services Tax law in July 2017.
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According to the Global ratings agency “Fitch”, the India’s Gross Domestic Product (GDP) growth projection for 2017-18 has reduced to ____% from earlier 6.9 %?a)5.7b)6.7c)7.7d)8.7e)9.7Correct answer is option 'B'. Can you explain this answer?
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According to the Global ratings agency “Fitch”, the India’s Gross Domestic Product (GDP) growth projection for 2017-18 has reduced to ____% from earlier 6.9 %?a)5.7b)6.7c)7.7d)8.7e)9.7Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about According to the Global ratings agency “Fitch”, the India’s Gross Domestic Product (GDP) growth projection for 2017-18 has reduced to ____% from earlier 6.9 %?a)5.7b)6.7c)7.7d)8.7e)9.7Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the Global ratings agency “Fitch”, the India’s Gross Domestic Product (GDP) growth projection for 2017-18 has reduced to ____% from earlier 6.9 %?a)5.7b)6.7c)7.7d)8.7e)9.7Correct answer is option 'B'. Can you explain this answer?.
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