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The Prime Minister cited the country's 7.8% economic growth in the April-June quarter, foreign-exchange reserves exceeding $700 billion and reforms spanning taxation, insolvency and labour laws as evidence of its resilience
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What is India's current economic growth rate?
India's current economic growth rate is 7.8% as per the given fact.
Consider the following statements regarding India's Economic Growth: 1. India's economic growth rate was 10% in the April-June quarter. 2. India's economic growth rate was 7.8% in the April-June quarter. 3. India's economic growth rate was 5% in the April-June quarter. How many of the above statements are correct?
The fact list states that India's economic growth rate was 7.8% in the April-June quarter, which directly contradicts the first statement. The third statement is also false as it is lower than the actual growth rate mentioned in the fact list.
Consider the following two statements: Statement-I: India's economic growth rate was 7.8% in the April-June quarter. Statement-II: The Prime Minister cited the country's economic growth, foreign-exchange reserves, and reforms as evidence of its resilience. Which one of the following is correct in respect of the above statements?
The second statement explains why the first statement is true. The Prime Minister indeed cited the country's economic growth as evidence of its resilience, which is directly related to the 7.8% growth rate mentioned in the first statement.