As per the Economic Survey 2019 20 the following has been observed w r t India 39 s economic growth ...........

Economic Affairs Growth and Indicators

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As per the Economic Survey 2019-20, the following has been observed w.r.t. India's economic growth;

10 %increase in new firm creation increases district-level GDP growth by 1.8 %.
New firm creation in the Service sector is far greater than that in manufacturing, infrastructure or agriculture

Which of the above statement(s) is/are correct?

1 only

2 only

both 1 and 2

neither 1 nor 2

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Explanation:

Recent debate about India’s GDP growth rates following the revision in India’s GDP estimation methodology in 2011 assumes significance from investor confidence point of view.In the new study economic survey points out the following facts

•10 %increase in new firm creation increases district-level GDP growth by 1.8 %.

•new firm creation in the Service sector is far greater than that in manufacturing, infrastructure or agriculture

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