As per economic survey 2017 18 GDP growth has averaged 7 3 per cent for the period from 2014 15 to 2...........

Economic Affairs Public Finance and Debt Management

As per economic survey 2017-18, GDP growth has averaged 7.3 per cent for the period from 2014-15 to 2017-18. This growth has been called as creditable as it has happened alongside;

lower inflation,
improved current account balance
reduction in the fiscal deficit to GDP ratio

1 and 2 only

1 only

All

2 and 3 only

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Explanation:

After registering GDP growth of over 7 per cent for the third year in succession in 2016-17, the Indian economy is headed for somewhat slower growth, estimated to be 6.5 per cent in 2017- 18, as per first Advance Estimates released by CSO. This is slightly lower than the range of 6.5 per cent to 6.75 per cent being currently projected based on recent developments.Even with this lower growth for 2017-18, GDP growth has averaged 7.3 per cent for the period from 2014-15 to 2017-18, which is the highest among the major economies of the world. That this growth has been achieved in a milieu of lower inflation, improved current account balance and notable reduction in the fiscal deficit to GDP ratio makes it all the more creditable.