Comprehension Passage
Direction: Statement is given followed by two inferences I and II. You have to consider the statement to be true even if it seems to be at variance from commonly known facts. You have to decide which of the given inferences, if any, follow from the given statement.
Statements:
India’s economy is characterised as a developing market economy. According to world ranking, it is 5th by nominal GDP and 3rd by purchasing power parity. At the beginning of 21st century, annual average GDP growth was 6% to 7%, and from 2014 to 2018. GDP growth moderated to 4.8 per cent from 2019-20, amidst a weak environment for global manufacturing, trade and demand. India's GDP growth is expected to be in the range of 6.0 to 6.5 per cent in 2020-21.
Which of the given inferences follows from the given statements?
1
India is in 5th rank by purchasing power parity.
2
The annual average GDP of India was 8.1% in 1998.
3
India’s GDP is expected to grow in 2020-21.
4
India’s GDP is down due to global pandemic.
5
No inference is true.