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Tuesday, March 11, 2008

Indian (economic) real GDP growth for the year 2003 7.8

062. Indian (economic) real GDP growth for the year 2003 is:

1. 6.0

2. 6.5

3. 7.8

4. 10.5

Answer

3. 7.8

Reference

Business Line, Financial Daily from THE HINDU group of publications, Wednesday, Apr 27, 2005

http://www.thehindubusinessline.com/bline/2005/04/27/stories/2005042701600700.htm

Quality

Reader

Status

New

QTDF

???

Discussion

Reviewing India's growth story in 2004, the survey said GDP growth in India decelerated from 8.5 per cent in 2003 to 6.9 per cent last year, owing in large part to the slow growth in agricultural value added, caused by insipid monsoon. But, industrial growth accelerated from 6.6 per cent in 2003 to 7.8 per cent in 2004, owing to stronger private consumption and investment, as well as more rapid export growth.

Explanation

Different values are given by different sources

Comments

The reason I have choosen 7.8 is

  1. Authenticity of “The Hindu” compared to lesser known web sites
  2. Of many sources I referred, this was a source, in which the exact value (of one of the choices) 7.8 is given. Other web sites talk about 6.9, 8.3 etc
  3. Other sources

Ä http://www.economywatch.com/indianeconomy/india-at-a-glance.html

Ä http://www.economywatch.com/indianeconomy/indian-economy-overview.html

Ä http://www.economywatch.com/monetary-developments.html

Ä http://www.tdctrade.com/mktprof/asia/mpind.htm

Tips

The answer is open to discussion and only the Finance Minister or the Prime Minister can give the correct answer

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