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Question

Which of the following statements is/are correct with respect to the projections made by the Fitch Ratings-

I.The Indian economy has the potential to attain 6.2 per cent annual average growth rate in the medium term during the 2019-27 period.

II. The credit rating agency has also provided a downward revision of the medium-term growth potential for 10 emerging economies to 3.1 per cent from 4.3 per cent estimated earlier.

III.  The 10 emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey.

A Only I Correct Answer Incorrect Answer
B Only II Correct Answer Incorrect Answer
C Only I & II Correct Answer Incorrect Answer
D Only I & III Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

According to the Global Economic Outlook report released by the Fitch Ratings, the Indian economy has the potential to attain 6.2 per cent annual average growth rate in the medium term during the 2019-27 period.  The agency raised the projection by 0.7 percentage points from 5.7 per cent estimated for 2013-2022, primarily due to improved employment rate and better working-age population forecast.    The credit rating agency has also provided a downward revision of the medium-term growth potential for 10 emerging economies to 4 per cent from 4.3 per cent estimated earlier. The 10 emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey.

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