Consider the following statements regarding Gross Capital Formation (GCF) in India.
- The rate of GCF has been falling since 2012-13
- In India, the rate of GCF has remained above 40% for the past couple of years
- The share of household sector in GCF has been significantly lower than the share of the private corporate sector.
Which of the above statements are correct?
- 1 and 2 only
- 3 only
- 1 only
- All the given statements are correct
The correct answer for yesterday’s question is 2 i.e. Financing, real estate, etc for which the growth (AE 2015-16) is 10.3% i.e. the highest among all.
It is a factual question, the growth figures for the year 2015-16 (advance estimates) for some other sectors are:
Agriculture, forestry and fishing is 1.1%
Industry is 7.3%
Manufacturing is 9.5%
Services is 9.2%