Correct Option: B

It was released by the Economic Advisory Council to the Prime Minister (PMEAC) which is a nonconstitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister. The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint. It advises the Prime Minister on a whole host of economic issues like inflation, microfinance, industrial output, etc. The PMEAC has been constituted several times since the independence of India. The last PMEAC, which was constituted on 29 December 2004, headed by Suresh Tendulkar resigned upon the completion of the then Union government’s term on 21 May 2009. The current PMEAC was subsequently reorganized in August 2009. Note : India’s real GDP growth will remain between 6.75% and 7.5% in the 2017-2018 financial years, the government said in its Economic Survey, an annual document that deciphers the state of the economy.