Multiple choice

The RBI had released Macro Economic and Monetary Developments: First Quarter Review 2007-08. As per this review which of the following sectors showed a commendable growth and stood at about 12% level?

  1. Service

  2. Industrial Sector

  3. Social Sector

  4. Banking sector

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the mid-2000s, India's industrial sector showed commendable growth reaching around 12% levels, driven by manufacturing and infrastructure development. While services have historically grown faster, 12% industrial growth was notable as it reflected accelerated industrialization. The social and banking sectors did not reach such high growth rates in this period.