UPSC Economics Globalisation Question Bank World Economy

  • question_answer
          Which economy will be the fastest growing among G-20 nations, as per Moody's?

    A) Japan                           

    B) UK

    C) China                           

    D) India

    Correct Answer: D

    Solution :

    India. Moody has predicted India will be the fastest growing economy among G-20 countries clocking a 7.1 per cent growth in 2017. The Indian economy had slowed in the fourth quarter of 2016 due to the withdrawal of 86 per cent of the currency in circulation, without an immediate replacement. India is forecast to have the fastest growing economy among all G-20 countries with growth put at 7.1 per cent for 2017, down from a previous expectation of 7.5 per cent because of the effects of demonetization. With regard to global growth, Moody's said continuing cyclical recovery in global economic activity with growth in G-20 countries picking up modestly to 3 per cent in 2017 and 2018 from 2.6 per cent in 2016.


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