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What is right adjusted growth number for India 2012? Reported final India growth rate is < 5% and...

Question:

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).


Learn more about this topic:

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How to Calculate Real GDP Growth Rates

from Economics 102: Macroeconomics

Chapter 5 / Lesson 7
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