In the context of Indian economy consider the following statements : 1. The growth rate of GDP has steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct?

QUESTION

Medium

Economy

Prelims 2011

In the context of Indian economy consider the following statements :

The growth rate of GDP has steadily increased in the last five years.
The growth rate in per capita income has steadily increased in the last five years.

Which of the statements given above is/are correct?

Select an option to attempt

Explanation

The growth rate in GDP had gone down and came up, several times in the five years preceding 2011. Same had been the case with the growth rate of per capita income.

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