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India is expected to grow between 6.5 and 7.0% in FY23. Which of the following have been India’s growth drivers in FY23 according to Economic survey?
  1. Rebound in domestic consumption.
  2. Thrust on Public Capital expenditure.
  3. It is due to advantage of ‘Base effect’.
Select the correct answer using the code given below:
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
India is expected to grow between 6.5 and 7.0% in FY23. Which of the f...
  • Despite the downward revision, the growth estimate for FY23 is higher than for almost all major economies and even slightly above the average growth of the Indian economy in the decade leading up to the pandemic.
  • IMF estimates India to be one of the top two fast-growing significant economies in 2022. Despite strong global headwinds and tighter domestic monetary policy, if India is still expected to grow between 6.5 and 7.0%, and that too without the advantage of a base effect, it is a reflection of India’s underlying economic resilience. Hence, statement 3 is not correct.
  • The rebound in consumption has also been supported by the release of “pent-up” demand, a phenomenon not again unique to India but nonetheless exhibiting a local phenomenon influenced by a rise in the share of consumption in disposable income. Hence, statement 1 is correct.
  • Capex thrust in the last two budgets of the Government of India was not an isolated initiative meant only to address the infrastructure gaps in the country. It was part of a strategic package aimed at crowding-in private investment into an economic landscape broadened by the vacation of non-strategic PSEs (disinvestment) and idling public sector assets. Hence, statement 2 is correct.
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India is expected to grow between 6.5 and 7.0% in FY23. Which of the following have been India’s growth drivers in FY23 according to Economic survey? Rebound in domestic consumption. Thrust on Public Capital expenditure. It is due to advantage of ‘Base effect’.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
Question Description
India is expected to grow between 6.5 and 7.0% in FY23. Which of the following have been India’s growth drivers in FY23 according to Economic survey? Rebound in domestic consumption. Thrust on Public Capital expenditure. It is due to advantage of ‘Base effect’.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about India is expected to grow between 6.5 and 7.0% in FY23. Which of the following have been India’s growth drivers in FY23 according to Economic survey? Rebound in domestic consumption. Thrust on Public Capital expenditure. It is due to advantage of ‘Base effect’.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for India is expected to grow between 6.5 and 7.0% in FY23. Which of the following have been India’s growth drivers in FY23 according to Economic survey? Rebound in domestic consumption. Thrust on Public Capital expenditure. It is due to advantage of ‘Base effect’.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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