New growth forecast for year ending 2014-2015 is 7.4%

Q.  As per the new forecast of annual economic growth on 9th Feb’15, what was the new growth forecast for the year ending 2014-15?
- Published on 24 Feb 15

a. 7.4%
b. 6.9%
c. 5.7%
d. 8%

ANSWER: 7.4%
 
With this new forecast of annual economic growth it makes India the fastest growing major economy in the world. Under the new method, the economy grew 7.5% in the quarter ending in December 2014, outpacing China’s 7.3% growth in the latest quarter and making India the fastest growing major economy in the world.

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