What is the lowest rate of growth from 1998-99 to 1999-2000 for any of the…
2023
What is the lowest rate of growth from 1998-99 to 1999-2000 for any of the companies given in the chart?
- A.
4.5%
- B.
3.5%
- C.
5%
- D.
5.3%
Show answer & explanation
Correct answer: D
Growth rate between two years is calculated as: Growth % = [(Value in the later year − Value in the earlier year) ÷ Value in the earlier year] × 100. To find the company with the lowest growth from 1998-99 to 1999-2000, this formula must be applied to every company's own two figures for those years, and the results compared — not just the raw increase in rupees.
Applying it to every company that has a value recorded for both 1998-99 and 1999-2000 (Pentamedia and Pentasoft each have a missing figure for one of these two years, so growth cannot be computed for them here):
Company | 1998-99 | 1999-2000 | Growth % |
|---|---|---|---|
Tata Consultancy Services | 1518.50 | 1820.35 | ≈19.9% |
Wipro | 632.50 | 1037.30 | ≈64.0% |
HCL Technologies | 862.14 | 908.00 | ≈5.3% |
Infosys | 500.25 | 869.70 | ≈73.9% |
Satyam | 376.62 | 662.93 | ≈76.0% |
NIIT | 394.96 | 551.79 | ≈39.7% |
Silverline Technologies | 103.95 | 434.83 | ≈318.3% |
Cognizant | 290.03 | 414.26 | ≈42.8% |
Patni Computers | 219.90 | 295.51 | ≈34.4% |
IBM Global | 227.63 | 271.14 | ≈19.1% |
HCL Technologies has the smallest increase of the group, about 5.3%. The next-smallest growth in the same column is IBM Global at about 19.1% — over three-and-a-half times higher — so HCL's rate is clearly the lowest, well outside any rounding uncertainty.