Question: According to recently issued estimates of the growth by Hong-Kong Shanghai Banking Corporation, the growth percentage of Indian economy is likely to remain at which percentage for 2019-20?
(a) 7.6 percent
(b) 7.8 percent
(c) 8.0 percent
(d) 7.5 percent
Answer: (a)
Related Facts:
- In January 2018, Hong-Kong Shanghai Banking Corporation (HSBC) released the growth prospects of the Indian economy.
- According to this, the growth rate of India’s GDP is likely to increase from 6.5 percent to 7.0 percent of current fiscal in 2018-19.
- It is likely to become 7.6 percent in 2019-20.
- In the recent possibilities, the development of India by HSBC has been described in two short-term parts.
- The first part includes slowdown and gradual improvement during the short term of 2018 and 2019.
- These improvements have been achieved as gradual improvement after the interruption related to the implementation of GST.
- The second part is of bright growth prospects in mid-term (2020 and later).
- The benefits of recent structural reforms are visible in this section.
- According to HSBC, the growth rate of the Indian economy is estimated at 6.5 percent in the year 2017-18.
- According to HSBC, inflation will continue to remain around 4% targeted by RBI as soon as the effect of the transient factors decreases.
- HSBC has estimated inflation at an average of 3.4 percent during the financial year 2018.
- However, at the end of the financial year in March, it is estimated to be 4.3 percent.
Reference:
http://www.moneycontrol.com/news/business/economy/gdp-growth-in-india-to-accelerate-over-coming-year-hsbc-2473413.html
http://www.btvi.in/article/read/economy/48426/gdp-growth-in-india-to-accelerate-over-coming-year–hsbc
https://www.deccanchronicle.com/business/economy/020118/gdp-growth-in-india-to-accelerate-over-coming-year-hsbc.html
https://www.businesstoday.in/pti-feed/gdp-growth-in-india-to-accelerate-over-coming-year-hsbc/story/267144.html