What is right adjusted growth number for India 2012? Reported final India growth rate is < 5% and Inflation >7.5%.
The right adjusted growth:
It is the targeted rate of growth decided by the country officials. The economic growth rate varies with market and business fluctuations. It shows the aggregate volume of economic output produced in a specific year.
Answer and Explanation:
For the current fiscal year, the Government of India already decided on a series of measures regarding growth back on track. To do so the economy needs major reforms and initiatives. The Monetary Authority of India had projected the growth rate for the next fiscal year add 6.9%.
The right adjusted growth rate for the Indian economy in the year 2012 was 4.5% (worse than the expected growth rate).
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from Economics 102: MacroeconomicsChapter 5 / Lesson 7