Current Affairs · Economic Forecasts
Consider the following statements regarding economic growth projections for India according to major rating and analysis firms (such as CRISIL): 1. Growth projections take into account structural factors like monsoon performance and global economic headwinds. 2. A higher base effect in private capital expenditure and gradual fiscal consolidation can lead to a moderation in projected growth rates compared to peak years. Which of the statements given above are correct?
- 1Neither 1 nor 2
- 22 only
- 31 only
- 41 and 2✓
Correct answer
1 and 2
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