Arrange the following in ascending order

(A) Growth rate of Gross National Income (at constant price) of India in 2015 - 16

(B) Growth rate of Gross National Income (at constant price) of India in 2016 - 17

(C) Growth rate of Gross National Income (at constant price) of India in 2017 - 18

(D) Growth rate of Gross National Income (at constant price) of India in 2018 - 19

(E) Growth rate of Gross National Income (at constant price) of India in 2019 - 20 

Choose the correct answer from the options given below:

The correct answer is  (E), (D), (C), (A), (B)Key PointsGNP in 2015-16-

• In the financial year 2015-2016, India's real Gross National Product (GNP) growth rate was 7.99%
• This was a faster growth rate as compared to 7.46% the previous year.
• India ranked as one of the fastest growing major economies in the world

GNP in 2016-17-

• The real Gross National Product (GNP) growth rate in India for the financial year 2016-2017 was 8.27%
• It was also an improved growth rate as compared to 7.99% the previous year.
• The Indian economy faced a number of challenges during this period, including the withdrawal of large denomination currency notes and the implementation of the Goods and Services Tax (GST)
• Despite these challenges, the Indian economy remained robust, driven by a growing consumer market, expanding manufacturing sector, and increasing foreign investment.

GNP in 2017-18-

• The real Gross National Product (GNP) growth rate in India for the financial year 2017-2018 was 6.87%
• This was a slight decline from the previous year, but still higher than the growth rates of many other major economies. 
• The Indian economy faced some challenges during this period, including rising oil prices, a banking sector crisis, and persistent inflationary pressures.

GNP in 2018-19-

• The real Gross National Product (GNP) growth rate in India for the financial year 2018-2019 was 6.56%
• It was a serious decline in the growth rate due the governmental reform during some recent time.

GNP in 2019-20-

• In the financial year 2019-2020, India's real Gross Domestic Product (GDP) growth rate was estimated to be around 4.16%
• This represented a decline from the previous year and was largely due to the impact of the COVID-19 pandemic, which resulted in a widespread slowdown in economic activity globally.
• In India, the pandemic led to lockdowns and other measures that disrupted businesses, reduced consumer spending, and caused a decline in investment.