Question- According to the report released by global financial services company Morgan Stanley, what is the percentage of India’s GDP growth rate estimated in 2018?
(a) 6.4 percent
(b) 7.7 percent
(c) 7.5 percent
(d) 7.2 percent
Answer: (c)
Related facts:
- According to a report released by the global financial services provider Morgan Stanley in December, India’s GDP growth rate is estimated at 7.5 percent in 2018.
- There is a possibility of a cyclic improvement in India’s economy.
- There is a possibility of growth of 1.1 percent in 2018 as compared to 2017.
- The growth rate is likely to be 7.7 percent in 2019.
- This report estimates the global GDP growth rate of 3.8 percent.
- China has been ranked second after India in the report, whose estimated GDP growth rate is 6.5 percent.
- According to Morgan Stanley the basic advantages and benefits of the companies are improving.
- This will strengthen the financial system and will be able to meet the needs of credit demand for investment.
- According to the report, now the demand is improving after the problems in issuing banknotes and in implementing GST.
- Thereby, the prospects of improving private capital expenditure are strong.
- In addition, consumption and exports are on the rise.
- Because of this, revenue from companies is expected to increase.
- Founded in 1935, this financial institution is headquartered in New York City of America.
Reference:
https://timesofindia.indiatimes.com/business/india-business/indias-gdp-growth-to-rise-to-7-5-in-2018-morgan-stanley/articleshow/61976981.cms
https://www.morganstanley.com/ideas/2018-global-outlook
https://www.morganstanley.com/about-us