Question

G.D.P. growth rate in India in the year 1995-96 was:

  1. 7.0 per cent
  2. 5.6 per cent
  3. 7.5 per cent
  4. 4.8 per cent

Answer:

Option B: 5.6 per cent

Detailed Solution:

The correct answer is “5.6 per cent”.

There was some controversy surrounding the exact GDP growth rate for 1995-96, with initial estimates varying. However, the most widely accepted figure is 5.6 per cent.