New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    What was the primary reason for India's GDP growth slowing to 6.7% in the April-June quarter of 2024?

    A Lower government spending during the Lok Sabha elections Correct Answer Incorrect Answer
    B Decline in global demand Correct Answer Incorrect Answer
    C Increase in interest rates Correct Answer Incorrect Answer
    D Decrease in private sector investment Correct Answer Incorrect Answer
    E Sluggish export growth Correct Answer Incorrect Answer

    Solution

    The GDP slowdown was largely attributed to lower government spending, particularly during the election period, when budgetary allocations are often constrained.

    Practice Next