GDP stats

Question 1

What is the GDP growth rate for 2023-24 (FY 24) and FY 23

Answer 1

8.2% compared to 7% in FY 25

Source - Economic Survey 2023-24

Question 2

Tax to GDP ratio of India vs Brazil

Answer 2

India:11.6% , Brazil:34%

Source-World Bank DataBank

Question 3

Fiscal deficit reduction target as per FRBM Act (Fiscal Responsibility and Budget Management), 2003

Answer 3

3% of GDP

Question 4

Current Fiscal Deficit of India

Answer 4

4.9%

Question 5

High Debt to GDP ratio (FY24)

Answer 5

81%

Question 6

India’s financing gap in Infrastructure

Answer 6

5% of GDP

Question 7

China’s vs India’s Manufacturing share in GDP

Answer 7

China : 33%, India: 11%

Question 8

Direct Public Investment of __ % of GDP has potential to generate how much jobs? How many of it will be women as per Eco Survey FY24

Answer 8

2% of GDP = 11 million jobs (1.1 crore), 70% will be women

Question 9

Employment growth rate stagnated at how much % for last 2 decades in India?

Answer 9

2% for last 2 decades

Question 10

Private investment began to drop to 19.6% of GDP from which year onwards

Answer 10

From 2011-12 onwards till 2021-2022

Question 11

How much of tax payers money is saved by DBT scheme in last 10 years

Answer 11

Rs 2.73 lakh crores

Question 12

MSME accounts for how much % of GDP

Answer 12

30%