As per the Economic Survey 24-25, Which of the following statements is/are correct regarding India's economy and inflation trends?
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India's GDP is projected to grow between 6.3% to 6.8% in FY26, with real GDP estimated to grow by 6.4% in FY25, primarily driven by agriculture and services.
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Retail inflation in 2024 averaged 4.9%, down from 5.4% in FY24, but food inflation increased to 8.4%, mainly due to supply disruptions in vegetables and pulses.
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Core inflation, which excludes food and fuel prices, declined in 2024, reflecting easing cost pressures in goods and services.
1
Only 1 and 2
2
Only 2 and 3
3
Only 3
4
Only 1
5
All of the above are correct.