Question: Recent Moody’s growth estimate for Indian economy in 2019-20 is _____.
(a) 7.3%
(b) 6.9%
(c) 7.7%
(d) 7.9%
Answer: (a)
Related facts:
- Indian economy is expected to grow at 7.3% in calendar years 2019 and 2020.
- In its quarterly ‘Global Macro Outlook for 2019 and 2020’ released in March 1, 2019, the agency informed that the country is less exposed to a slowdown in global manufacturing trade growth than other major Asian economics and Emerging markets and is poised to grow at a relatively stable pace in the two years.
- The announcement in interim Budget 2019-20 on direct cash transfer programme for farmers and the middle-class tax relief measures will contribute a fiscal stimulus of about 0.45 percent of GDP.
- Moody’s growth estimates are based on the calendar year.
- India, however measures its economic growth on the basis of the fiscal year from April to March.
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