CRISIL Report: Indian Economy to Grow at 6.7% between Fiscals 2024-2031

Current Context: The report titled “Indian Economy: Capital as growth driver” was released by CRISIL, a global analytical company, on February 3, 2024.

• According to the report, the Indian economy is projected to grow at an average rate of 6.7% per annum from the financial years 2024 to 2031, which is slightly higher than the pre-pandemic average of 6.6%.
• The key driver of this growth is expected to be capital, resulting from the government’s investment-driven strategy.
• However, the report also cautions about the potential impact of the escalation of the Middle East conflict on energy and logistics costs, and the inflation level in India, which was 5.7% in December 2023.

Question:

Q.1 What is the projected average growth rate of the Indian economy from the financial years 2024 to 2031 according to CRISIL report?
a. 5.7%
b. 6.4%
c. 6.7%
d. 7.3%