Consider the following statements regarding the economic development of India:
1. India’s GDP growth consistently outpaced the global average in the past 5 years.
2. A significant portion of India’s economic growth is driven by robust domestic demand.
3. The Indian services sector was the largest recipient of FDI inflows.

How many of the statements given above are correct ?
(a) Only one
(b) Only two
(c) All three
(d) None

Question

Consider the following statements regarding the economic development of India:
1. India&rsquo;s GDP growth consistently outpaced the global average in the past 5 years.
2. A significant portion of India&rsquo;s economic growth is driven by robust domestic demand.
3. The Indian services sector was the largest recipient of FDI inflows.

How many of the statements given above are correct ?
(a) Only one
(b) Only two
(c) All three
(d) None

ONLiNE UPSC · Accepted Answer

Statement 1 is correct : India's GDP growth has consistently been higher than the global average in recent years. For example, India's GDP growth rate for 2024 was approximately 7%, compared to the global average of 1.7% as projected by the World Bank.

Statement 2 is correct : India's economic growth has been supported by strong domestic consumption and investment demand, as highlighted by various reports.

Statement 3 is correct : The Services sector consistently attracted the highest FDI inflows in India, including IT, financial services, and telecommunications.

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M Question 1	⏱ 0
Consider the following statements regarding the economic development of India: 1. India’s GDP growth consistently outpaced the global average in the past 5 years. 2. A significant portion of India’s economic growth is driven by robust domestic demand. 3. The Indian services sector was the largest recipient of FDI inflows. How many of the statements given above are correct ? (a) Only one (b) Only two (c) All three (d) None