{"id":12948,"date":"2016-06-30T07:50:52","date_gmt":"2016-06-30T07:50:52","guid":{"rendered":"https:\/\/www.edristi.in\/?p=12948"},"modified":"2016-06-30T07:50:52","modified_gmt":"2016-06-30T07:50:52","slug":"world-bank-report-india-development-update","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/world-bank-report-india-development-update\/","title":{"rendered":"World Bank report ;India Development Update"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Question: At what percent did World Bank retained the growth rate for India in 2016-17, in its report named \u201cIndia Development Update- Financing Double Digit Growth\u201d?<\/strong><br \/>\n(a) 7.6<br \/>\n(b) 7.5<br \/>\n(c) 7.2<br \/>\n(d) 7.3<br \/>\n<strong>Ans:(a)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li>On 19 June 2016 World Bank published its \u201cIndia Development Update- Financing Double Digit Growth report\u201d.<\/li>\n<li>The World Bank&#8217;s\u201d India Development Update\u201d is a bi-annual report on the economy and its prospects.<\/li>\n<li>According to the reports India&#8217;s economy expanded at a faster pace even as several growth engines stalled: agriculture faced a second consecutive drought year, rural households were under stress, private investments flat-lined, and exports plummeted.<\/li>\n<li>Despite these drags, the working engines demand from urban households and public investments propelled the economy to a higher growth path.<\/li>\n<li>According to the reports the GDP growth accelerated to 7.6 percent y\/y in Financial Year 2016.<\/li>\n<li>The GDP growth rate was an average of 6.5 percent during Financial Year 2013 to Financial Year 2015.<\/li>\n<li>Gross value-added (GVA) growth also accelerated, led by a pickup in industrial activities and a reliable contribution from services.<br \/>\nIndia is expected to remain on this growth path and sustain the 7.6 percent growth rate into Financial Year 2017.<\/li>\n<li>In the report growth rate of the Indian economy is estimated to be 7.7% and 7.8% in the financial year 2017-18 and 2018-19 respectively.<\/li>\n<li>In contrast, private consumption accelerated to 7.4 percent y\/y in Financial Year 2015-16 from 6.2 percent in Financial Year 2014-15<br \/>\nGrowth in manufacturing and services is likely to be at 7.4% and 8.9% respectively which have created jobs in Urban areas.<\/li>\n<li>The rate of inflation was low mainly due to lower food prices.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/documents.worldbank.org\/curated\/en\/2016\/06\/26497906\/india-development-update-financing-double-digit-growth\" target=\"_blank\">http:\/\/documents.worldbank.org\/curated\/en\/2016\/06\/26497906\/india-development-update-financing-double-digit-growth<\/a><br \/>\n<a href=\"http:\/\/www-wds.worldbank.org\/external\/default\/WDSContentServer\/WDSP\/IB\/2016\/06\/16\/090224b0843d31d3\/1_0\/Rendered\/PDF\/India0developm00double0digit0growth.pdf\" target=\"_blank\">http:\/\/www-wds.worldbank.org\/external\/default\/WDSContentServer\/WDSP\/IB\/2016\/06\/16\/090224b0843d31d3\/1_0\/Rendered\/PDF\/India0developm00double0digit0growth.pdf<\/a><br \/>\n<a href=\"http:\/\/timesofindia.indiatimes.com\/city\/delhi\/World-Bank-retains-7-6-growth-rate-for-India-in-2016-17\/articleshow\/52834784.cms\" target=\"_blank\">http:\/\/timesofindia.indiatimes.com\/city\/delhi\/World-Bank-retains-7-6-growth-rate-for-India-in-2016-17\/articleshow\/52834784.cms<\/a><br \/>\n<a href=\"http:\/\/www.business-standard.com\/article\/economy-policy\/world-bank-retains-7-6-growth-rate-for-india-in-2016-17-116062000730_1.html\" target=\"_blank\">http:\/\/www.business-standard.com\/article\/economy-policy\/world-bank-retains-7-6-growth-rate-for-india-in-2016-17-116062000730_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: At what percent did World Bank retained the growth rate for India in 2016-17, in its report named \u201cIndia Development Update- Financing Double Digit Growth\u201d? (a) 7.6 (b) 7.5 (c) 7.2 (d) 7.3 Ans:(a) Related facts: On 19 June 2016 World Bank published its \u201cIndia Development Update- Financing Double Digit Growth report\u201d. The World [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-12948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/12948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=12948"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/12948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/12897"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=12948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=12948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=12948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}