Question: Consider the following statements:
1. In October, the IMF (International Momentary Fund ) has projected the Indian economy’s growth rate to be 7.6%
2. In January IMF estimated India’s growth rate to 7.2%
Which of the following statements is/ are correct?
(a) Only (1)
(b) Only (b)
(c) Both (1) and (2)
(d) None
Ans: (a)
Related facts:
- On 11 January 2017; in its update to the World Economic Outlook released in October, IMF projected India GDP growth rate at 6.6% for 2016-17 against its earlier estimate of 7.6%.
- IMF also expects India’s growth to pick up at a slower pace in 2017-18, at 7.2%, against its earlier estimate of 7.6%.
- According to IMF Chinese economy grew by 6.7% in 2016 as against the previously projected 6.6%.
- China’s growth forecast in 2017 was raised to 6.5% from 6.2% projected in October due to “expected policy stimulus”.
Reference:
http://www.imf.org/external/pubs/ft/weo/2017/update/01/