Arrange the following drivers of GDP growth in India in the descending order:
1. Private final consumption expenditure
2. Investment
3. Exports
Select the correct answer using the code given below:
1, 2, 3
2, 1, 3
1, 3, 2
2, 3, 1
The private final consumption expenditure is the biggest driver of the GDP growth, with a share of almost 60%. Investment (Gross Capital Formation) accounts for nearly 32 per cent of GDP. The investment is, in turn, followed by exports.
"Gold Tranche" (Reserve Tranche) refers to
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