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India’s gross domestic product (GDP) grew at 7.6 per cent in the September quarter of 2023-24, outperforming expectations by a wide margin as manufacturing and construction activities expanded by double digits. These figures signalled that economic recovery was well underway in Asia's third-largest economy, despite the current adverse geopolitical situation.While the Reserve Bank of India (RBI) had projected GDP growth of 6.5 per cent for the second quarter of FY24.The slowdown in the services sector to a six-quarter low was driven by the trade, hotels, transport, and communication services sub-sector (growth of just 4.3 per cent), which is the largest contributor to GDP.Other services sub-sectors, such as financial and real estate (6 per cent) and public administration and defence (7.6 per cent), also saw a significant slowdown in activity, despite robust credit growth and a pick-up in government spending. Growth in private final consumption expenditure, or private spending, slowed down to 3.1 per cent due to continued distress in rural demand. Government spending, however, picked up and grew at 12.4 per cent in real terms, signalling that both Central and state governments expanded their public expenditure. Gross fixed capital formation (GFCF), which represents investment demand in the economy, grew at 11 per cent— a five-quarter high — because of the frontloading of capex by the government. Export of goods & services grew 4.3 per cent in the second quarter as against a contraction of 7.7 per cent in the previous quarter, indicating resilience in services exports growth despite adverse geopolitical situation.
I have heard a lot of radio (A)/yesterday because I had to drive (B)/to and from South Caulfield twice (C)/in as much days (D)/to get my MA thesis bound...
Identify the segment in the sentence, which contains the grammatical error
No matter he tries hard he cannot play the guitar.
The world is not kindly to those who do not tackle their own problems.
All the members (a)/ of the Board are kindly(b)/ requested to appear in the next meeting. (c)/ No Error (d)
This question consists of a sentence that is divided into four parts numbered (1) to (4). Only one part of the sentence is not acceptable in standard w...
Direction : In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark...
Direction : In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mar...
