Question: What is the GDP growth rate estimated by Confederation of Indian Industry (CII) for India for the financial year 2021-22?
(a) 9.5 per cent
(b) 10.5 per cent
(c) 10.2 per cent
(d) 11.5 per cent
Answer: (a)
Related facts:
- The Confederation of Indian Industry (CII) has estimated the gross domestic product (GDP) of India to grow at 9.5 per cent in the financial year 2021-22.
- The report states that rising medical expenditure has squeezed incomes and demand. But recovery is on the cards. Global growth and macroeconomic stability will support trade and investment flows.
- The Confederation of Indian Industry is a non-governmental trade association and advocacy group that work to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes.