Current Context: Global rating agency Moody slashed India's GDP growth rate at Zero for the current fiscal 2020-21.
- 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%
a. 1%
b. Zero
c. 1.1%
d. 1.2%
