Question

As per data from the World Economic Forum, the manufacturing sector in India has grown by over ______ per year on average in the last three decades. 
1. 12%
2. 7%
3. 2%
4. 20% 

Answer 1

Correct Answer - Option 2 : 7%

The correct answer is 7%.

• About India, the 5th-largest manufacturer in the world with a total manufacturing value added of over USD 420 billion in 2016.
• The WEF said the country's manufacturing sector has grown by over 7 per cent per year on average in the past three decades and accounts for 16-20 per cent of India's GDP. 

• The headquarters of the World Economic Forum is in Cologny, Switzerland
• The President of the World Economic Forum is Borge Brende.
• Several reports released by World Economic Forum:
  • Global Risks Report
  • Fostering Effective Energy Transition
  • Social Mobility Index
  • Global Gender Gap Report