General Studies · Statement and Assumption

This question consists of a passage followed by a statement. Read the passage carefully and judge the validity of the statement based on it. Passage: According to a report, India's economic growth may reach 7 per cent next year as the government's policies are going to pay more attention to the poor rural conditions of the country's villages in the last year before the 2019 general elections. Assocham has said in its report for the coming year, 'Economic expansion may reach 7% by the last quarter of September 2018 as compared to 6.3% GDP growth in the second quarter of 2017-18, while inflation is estimated to be around 4 to 5.5 percent in the second half of next year, with monsoon being a key factor.' Statement: The estimate of 7 per cent growth in GDP is based on stability in foreign exchange rates.