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Question

Which of the following statements are correct in regards to the Indian Economy in Economic Survey 2023?

  1. 2rd largest economy in the world in Purchasing Power Parity (PPP)
  2. 5th largest in the world in market exchange rates
  3. GDP forecast for FY24 to be in the range of 6 - 6.8 %

A 1 only Correct Answer Incorrect Answer
B 1 & 2 Correct Answer Incorrect Answer
C 2 & 3 Correct Answer Incorrect Answer
D 1 & 3 Correct Answer Incorrect Answer
E All Correct Answer Incorrect Answer

Solution

India is the 3rd largest economy in the world in Purchasing Power Parity (PPP) terms and the 5th largest in market exchange rates and GDP forecast for FY24 to be in the range of 6 - 6.8 %.

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