Current Context: Goldman Sachs has predicted that Indian economy to contract by 5% for the financial year 2021. This has been marked as the worst performance by the country ever.
- It has also predicted that India’s GDP will contract by 45% in the second quarter from the prior three months compared to the previous forecast which was predicted to be 20%.
- Static Part:
- HQ of Goldman Sachs: New York, US
- Chairman and CEO of Goldman Sachs: David M. Solomon
- Other estimated growth predictions for Indian economy for FY 2020-21 by the various organisation are:
- Berstein: -7%
- Nomura: -5%
- ICRA: -1-2%
Question:
Q.1 As per Goldman Sachs, Indian economy to contract by ___% for the financial year 2021?
a. 5%
b. 4%
c. 6%
d. 4.5%
a. 5%
b. 4%
c. 6%
d. 4.5%
