What was the significant finding of the World Bank
report regarding India's GDP growth?
AIndia will surpass the United States' GDP by 2047Correct AnswerIncorrect Answer
BIndia will reach half of the United States' GDP in 50 yearsCorrect AnswerIncorrect Answer
CIndia will take 75 years to reach a quarter of the United States' GDPCorrect AnswerIncorrect Answer
DIndia will achieve high-income status within the next decadeCorrect AnswerIncorrect Answer
EIndia needs to grow at 5% annually to escape the middle-income trapCorrect AnswerIncorrect Answer
Solution
The World Bank report indicates that at the current rate, India will take 75 years to reach a quarter of the United States' GDP, challenging the goal of transforming India into a developed economy by 2047.