Economics · Economy
Consider the following statements relating to recent macroeconomic conditions in India: Statement I: India is presently experiencing an economic phase often described as a 'Goldilocks situation', characterised by a favourable balance between growth and price stability. Statement II: The economy has maintained steady real output expansion, driven largely by resilient domestic demand and supportive policy interventions. Statement III: Price pressures have eased significantly in recent times, with inflation moderating from earlier elevated levels. Which one of the following is correct with respect to the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct
- 2Only one of the Statements II and III is correct, and that explains Statement I
- 3Both Statement I and Statement II are correct, and Statement II explains Statement I
- 4Both Statement II and Statement III are correct, and both of them explain Statement I✓
Correct answer
Both Statement II and Statement III are correct, and both of them explain Statement I
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