Question
The Center for Economics and Business Research (CEBR)
said in its recent report that India will become the largest economic superpower by the end of the 21st century. CEBR has said in the report published named 'World Economic League Table Report' that India's Gross Domestic Product (GDP) will be 90 percent larger than China's and 30 percent larger than America’s.With respect to the above information identify the incorrect statements below- I. By 2032, India will become the world's third-largest economy, leaving behind Japan and Germany. II. According to its demographic estimates and projections, after 2065, India will become the world's largest economic superpower, leaving behind China and America. III. According to the CEBR report, government borrowing is estimated to be 8.8 percent of GDP in 2023.Solution
The Center for Economics and Business Research (CEBR) said in its recent report that India will become the largest economic superpower by the end of the 21st century. CEBR has said in the report published named 'World Economic League Table Report' that India's Gross Domestic Product (GDP) will be 90 percent larger than China's and 30 percent larger than America’s. Key Points of the World Economic League Table Report: ● India will maintain a strong average growth of 6.5 percent from 2024 to 2028. ● By 2032, it will become the world's third-largest economy, leaving behind Japan and Germany. ● According to its demographic estimates and projections, after 2080, India will become the world's largest economic superpower, leaving behind China and America. ● India recorded strong GDP growth of 7.2 percent in 2022-23. ● CEBR estimates a modest decline in growth to 6.4 percent for 2023-24. As a result, production will be 17.2 percent more than the pre-pandemic level. ● The CEBR report projects inflation to top out at around 5.5 percent in 2023. ● According to the report, public sector debt, along with government debt, has created a long-term growth constraint. Its percentage of GDP is expected to reach 81.9 percent in 2023, exceeding the 81 percent recorded in 2022. ● A recent report by the International Monetary Fund (IMF) also warned that India's general government debt could exceed 100 percent of GDP in the medium term. ● According to the CEBR report, government borrowing is estimated to be 8.8 percent of GDP in 2023.
- Anil buys an item at a 20% discount on its listed price and sells it giving a 15% discount on the same listed price. What is Anil's gain or loss percentage...
A shopkeeper bought article ‘A’ for Rs. ‘x’ and marked it 20% above its cost price and sold it for Rs. 1800. Marked price of article ‘B’ is ...
The profit earned when an article is sold for Rs. 2,200 is the same as the loss incurred on selling it for Rs. 1,400. Find the selling price of the arti...
A shopkeeper priced an item at Rs. 640 above its original cost and then sold it at a 25% discount, resulting in a 35% profit. Calculate the cost price o...
A watch was sold with a 20% profit. The marked price of the watch over its cost price is Rs. 960. If the ratio of profit earned to discount offered is 1...
An anicle was sold for ₹1,215 after giving a discount of 19%. If a discount of 17.5% is given, then for how much (in ₹) should the article be sold?
Seema sold a laptop at a profit of 15%. If she had bought it at 10% less and sold it for ₹ 2,100 less, she would have gained 20%. What was the cost p...
Mayank gives 25% discount to his customer but he sells only smuggled goods and as a bribe he pays 10% on the cost price. Find what should be the Marked ...
A shopkeeper made a profit of 60% by selling an article for Rs. 320. If he had sold it after allowing a discount of 20% on its selling price, then find ...
Profit on selling 40 pens equals selling price of 12 books while loss on selling 40 books equals selling price of 16 pens. Also profit percentage equal...
Relevant for Exams:
