According to various studies, if the growth rate of power supply is 12%, what should be the GDP growth per annum?
Answer & explanation
Correct answer: option 2
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