As GDP growth is half of what it/is just a few years ago, the country/desperately needs to cut fed tape and improve/infrastructure to boost investment and growth.
A
As GDP growth is half of what it.
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B
Is just a few years ago, the country
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C
Desperately needs to cut red tape and improve
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D
Infrastructure to boost investment and growth
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E
No error
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Solution
The correct option is B Is just a few years ago, the country Contex of the sentence at part 'b' is in past tense and threfore use of 'was' is suitable here, E.g. The growth of media is twice as compared to what it was in the 90's.