Which of the following is true regarding the Indian Economy from 2007-2008 to 2012-13? Indian Economy’s growth was continuously slowing down from 2007-2008 to 2012-2013 due to many factors including the Eurozone crisis as well as domestic factors. WPI has high weightage for food and fuel than CPI. In India lack of food grain production due to the continuous failure of monsoons is the primary reason for food inflation. GAAR (General Anti Avoidance Rule) was re-introduced in budget 2013. Options : Options: A . &nbsp2 only B . &nbspAll the above C . &nbsp1, 2 and 3 D . &nbspNone of the above

Which of the following is true regarding the Indian Economy from 2007-2008 to 20

Question

Which of the following is true regarding the Indian Economy from 2007-2008 to 2012-13?

Indian Economy’s growth was continuously slowing down from 2007-2008 to 2012-2013 due to many factors including the Eurozone crisis as well as domestic factors.

WPI has high weightage for food and fuel than CPI.

In India lack of food grain production due to the continuous failure of monsoons is the primary reason for food inflation.

GAAR (General Anti Avoidance Rule) was re-introduced in budget 2013.

Options :

Options:

A . 2 only

B . All the above

C . 1, 2 and 3

D . None of the above

Answer: Option D
Answer: (d)
Indian Economy grew by 8.6% and 9.3% in 2009-10 and 2010-11 before it plunged again into slow growth.
CPI has a high weightage for food. In India, during the mentioned period food grain production actually had gone up.
GAAR is kept in abeyance as of now.

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