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Consider the following statements:
1. The World Bank has revised its projection for India's GDP growth to 7% for FY25 due to increased household investments in real estate and infrastructure development.
2. India’s industrial growth is forecasted to slow down to 7.3% in FY26 from 7.6% in FY25.
3. The Gross Fixed Capital Formation (GFCF) is anticipated to increase to 9.0% in FY25 compared to an estimated 7.8% in FY24.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The World Bank has revised its p...
1. Correct: The World Bank has indeed revised its projection for India's GDP growth to 7% for FY25 from the previously estimated 6.6%. This revision is due to increased household investments in real estate and infrastructure development.
2. Correct: The industrial growth in India is projected to slow down to 7.3% in FY26 from 7.6% in FY25, indicating a decrease.
3. Incorrect: The statement about Gross Fixed Capital Formation (GFCF) is inaccurate. The GFCF is anticipated to decelerate to 7.8% in FY25, compared to an estimated 9.0% in FY24, not the other way around.
Therefore, the correct answer is Option B: 1 and 2 Only.
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Community Answer
Consider the following statements:1. The World Bank has revised its p...
Analysis of the Statements
To determine the correctness of the statements regarding India's economic projections, we need to analyze each one carefully.
Statement 1: World Bank’s Projection for India's GDP Growth
- The World Bank has indeed revised its GDP growth forecast for India to 7% for FY25.
- This revision is primarily attributed to increased household investments in real estate and infrastructure development.
- Conclusion: This statement is correct.
Statement 2: Industrial Growth Forecast
- The forecast indicates that India’s industrial growth is expected to slow down to 7.3% in FY26 from 7.6% in FY25.
- This reflects a downward trend in industrial performance, which is a common occurrence in economic cycles.
- Conclusion: This statement is also correct.
Statement 3: Gross Fixed Capital Formation (GFCF)
- The projection states that GFCF is anticipated to increase to 9.0% in FY25, compared to an estimated 7.8% in FY24.
- This suggests a significant growth in investments in fixed assets, which is vital for economic expansion.
- Conclusion: This statement is incorrect as it contradicts the trend indicated by the other statements.
Final Conclusion
- Statements 1 and 2 are correct, while Statement 3 is incorrect. Therefore, the correct option is (b) 1 and 2 Only.
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Consider the following statements:1. The World Bank has revised its projection for India's GDP growth to 7% for FY25 due to increased household investments in real estate and infrastructure development.2. India’s industrial growth is forecasted to slow down to 7.3% in FY26 from 7.6% in FY25.3. The Gross Fixed Capital Formation (GFCF) is anticipated to increase to 9.0% in FY25 compared to an estimated 7.8% in FY24.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements:1. The World Bank has revised its projection for India's GDP growth to 7% for FY25 due to increased household investments in real estate and infrastructure development.2. India’s industrial growth is forecasted to slow down to 7.3% in FY26 from 7.6% in FY25.3. The Gross Fixed Capital Formation (GFCF) is anticipated to increase to 9.0% in FY25 compared to an estimated 7.8% in FY24.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. The World Bank has revised its projection for India's GDP growth to 7% for FY25 due to increased household investments in real estate and infrastructure development.2. India’s industrial growth is forecasted to slow down to 7.3% in FY26 from 7.6% in FY25.3. The Gross Fixed Capital Formation (GFCF) is anticipated to increase to 9.0% in FY25 compared to an estimated 7.8% in FY24.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The World Bank has revised its projection for India's GDP growth to 7% for FY25 due to increased household investments in real estate and infrastructure development.2. India’s industrial growth is forecasted to slow down to 7.3% in FY26 from 7.6% in FY25.3. The Gross Fixed Capital Formation (GFCF) is anticipated to increase to 9.0% in FY25 compared to an estimated 7.8% in FY24.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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