Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Infrastructure

Question:
According to you, which of the following option's demand is generally higher than the GDP growth rate?
Options:
Demand for oil
Demand for solar energy
Demand for natural gas
Demand for power
Correct Answer:
Demand for power
Explanation:
Power is a critical component of infrastructure that determines the economic development of a country. The growth rate of demand for power is generally higher than the GDP growth rate. Studies point out that in order to have 8 per cent GDP growth per annum, power supply needs to grow around 12 per cent annually