{"id":33805,"date":"2017-11-01T08:05:55","date_gmt":"2017-11-01T08:05:55","guid":{"rendered":"https:\/\/www.edristi.in\/?p=33805"},"modified":"2017-11-01T08:05:55","modified_gmt":"2017-11-01T08:05:55","slug":"adbs-india-development-forecast","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/adbs-india-development-forecast\/","title":{"rendered":"ADB&#8217;s India Development Forecast"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Asian Development Bank has reduced the forecast of India&#8217;s GDP growth for the year 2017-18 to 0.4 percent from the earlier declared (April forecast) growth rate. India&#8217;s GDP growth is estimated-<\/strong><br \/>\n(a) 7%<br \/>\n(b) 6%<br \/>\n(c) 8%<br \/>\n(d) 5%<br \/>\n<strong>Answer: (a)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On September 26, 2017, ADB released its &#8216;Asian Development Outlook&#8217; 2017 update.<\/li>\n<li>In this, the pre-declared estimate of India&#8217;s GDP growth rate has been reduced from 7.4 percent to 7 percent.<\/li>\n<li>The reason for the decline in GDP growth is the weakness in private consumption, manufacturing output and business investment.<\/li>\n<li>At the same time, the growth forecast for the year 2018-19 has been reduced from 7.6 percent to 7.4 percent.<\/li>\n<li>According to ADB, launch and implementation of new GST system has reduced consumer expenditure and commercial investment.<\/li>\n<li>For the current financial year, the growth of the estimated 7 percent by the bank is less than 7.1 percent of the previous year.<\/li>\n<li>The most important fact in terms of India&#8217;s growth forecasts is that the growth rate in the first quarter of the current financial year is estimated to be 5.7 percent.<\/li>\n<li>This is the minimum growth rate of the last three years in this context.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/economictimes.indiatimes.com\/news\/economy\/indicators\/adb-lowers-india-growth-forecast-for-this-fiscal-next\/articleshow\/60838073.cms\" target=\"_blank\" rel=\"noopener\">http:\/\/economictimes.indiatimes.com\/news\/economy\/indicators\/adb-lowers-india-growth-forecast-for-this-fiscal-next\/articleshow\/60838073.cms<\/a><br \/>\n<a href=\"https:\/\/www.adb.org\/countries\/india\/economy\" target=\"_blank\" rel=\"noopener\">https:\/\/www.adb.org\/countries\/india\/economy<\/a><br \/>\n<a href=\"https:\/\/www.adb.org\/publications\/asian-development-outlook-2017-update\" target=\"_blank\" rel=\"noopener\">https:\/\/www.adb.org\/publications\/asian-development-outlook-2017-update<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Asian Development Bank has reduced the forecast of India&#8217;s GDP growth for the year 2017-18 to 0.4 percent from the earlier declared (April forecast) growth rate. India&#8217;s GDP growth is estimated- (a) 7% (b) 6% (c) 8% (d) 5% Answer: (a) Related facts: On September 26, 2017, ADB released its &#8216;Asian Development Outlook&#8217; 2017 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-33805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/33805","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=33805"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/33805\/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\/31981"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=33805"}],"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=33805"},{"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=33805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}