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India’s GDP Growth to ‘Zero’ in FY 2021— A forecast by Moody

Published on May 10, 2020
Current Context: Global rating agency Moody slashed India's GDP growth rate at Zero for the current fiscal 2020-21.
India’s GDP Growth to ‘Zero’ in FY 2021— A forecast by Moody

  • The previous estimated slashed by Moody was 2.6%.
  • But now decline in the estimation is marked due to the COVID-19 pandemic arisen in the nation.
  • However, in 2021-22, India’s GDP growth rate will bounce back to 6.6%.

Static Part: 

  • HQ of Moody’s rating agency: United States

Question:

Q.1 Global rating agency Moody forecasted ___ GDP growth for India for the fiscal year 2020-21? 
a. 1%
b. Zero
c. 1.1%
d. 1.2%
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