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Central Statistics Office (CSO) has announced the first advance estimates of National Income 2017-18 and stated that growth in India’s Gross Domestic Product (GDP) during 2017-18 is estimated at ____% ?
  • a)
    5.9%
  • b)
    6.0%
  • c)
    6.2%
  • d)
    6.3%
  • e)
    6.5%
Correct answer is option 'E'. Can you explain this answer?
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Central Statistics Office (CSO) has announced the first advance estima...
Answer:

The Central Statistics Office (CSO) has released the first advance estimates of India's Gross Domestic Product (GDP) for the fiscal year 2017-18. According to the CSO, the growth in India's GDP during 2017-18 is estimated at 6.5%.

Explanation:

The Central Statistics Office (CSO) is a government agency responsible for collecting and analyzing data related to the Indian economy. It releases estimates of national income and economic growth on a regular basis.

The first advance estimates of GDP are released by the CSO towards the end of the fiscal year. These estimates are based on available data for the first three quarters of the fiscal year and take into account various factors such as industrial production, agricultural output, and government expenditure.

The estimate of 6.5% growth in India's GDP for 2017-18 indicates a positive trend in the country's economic performance. This growth rate is higher compared to the previous fiscal year, where the GDP growth rate was estimated at 6.1%.

The estimated growth rate of 6.5% reflects the overall expansion of the Indian economy during the fiscal year 2017-18. It suggests that various sectors of the economy, including manufacturing, agriculture, and services, have contributed to this growth.

This growth rate is significant as it indicates that the Indian economy is recovering from the impact of various policy reforms and external factors such as the implementation of Goods and Services Tax (GST) and demonetization.

It is important to note that the first advance estimates are subject to revision as more data becomes available. The final figures for GDP growth for 2017-18 will be released by the CSO in the coming months.

In conclusion, the first advance estimates of India's GDP for 2017-18 indicate a growth rate of 6.5%. This reflects the positive performance of the Indian economy and suggests a recovery from the impact of policy reforms and external factors.
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Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Why do you think, IMF is more bullish about the global economy?A. India’s performance in the growthB. International growthC. Rise in the growth rate of the U.S.D. U.S. tax policy changes.

Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. What made Washington DC-based agency lower India’s growth forecast October 2017.A. China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.B. Disruptions associated with the currency exchange initiative.C. Aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged.D. costs related to the launch GST.

Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.

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Central Statistics Office (CSO) has announced the first advance estimates of National Income 2017-18 and stated that growth in India’s Gross Domestic Product (GDP) during 2017-18 is estimated at ____% ?a)5.9%b)6.0%c)6.2%d)6.3%e)6.5%Correct answer is option 'E'. Can you explain this answer?
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Central Statistics Office (CSO) has announced the first advance estimates of National Income 2017-18 and stated that growth in India’s Gross Domestic Product (GDP) during 2017-18 is estimated at ____% ?a)5.9%b)6.0%c)6.2%d)6.3%e)6.5%Correct answer is option 'E'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Central Statistics Office (CSO) has announced the first advance estimates of National Income 2017-18 and stated that growth in India’s Gross Domestic Product (GDP) during 2017-18 is estimated at ____% ?a)5.9%b)6.0%c)6.2%d)6.3%e)6.5%Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Central Statistics Office (CSO) has announced the first advance estimates of National Income 2017-18 and stated that growth in India’s Gross Domestic Product (GDP) during 2017-18 is estimated at ____% ?a)5.9%b)6.0%c)6.2%d)6.3%e)6.5%Correct answer is option 'E'. Can you explain this answer?.
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