India’s GDP to Contract 10.2% for FY 2020-21—By OECD

Published on September 17, 2020
Current Context: The Organisation for Economic Cooperation and Development (OECD) has forecasted that India’s GDP to contract 10.2% for the financial year 2020-2021.
India’s GDP to Contract 10.2% for FY 2020-21—By OECD
  • This projection by OECD is released in its Global Economic Forecast for 2020. 
  • As per OECD, the global economy will shrink at 4.5% for the current fiscal year.
  • And the growth projection is projected to 5% by OECD. 
  • OECD in its June forecast has projected India’s GDP to contract by 16.7% for FY 2020-21.
  • OECD has projected India’s GDP to grow 10.7% for FY 2021-2022. 
  • Static Part: 
    • HQ of OECD: Paris, France
    • Secretary-General of OECD: Jose Angel Gurria

Question: 

Q.1 The Organisation for Economic Cooperation and Development (OECD) has forecasted that India’s GDP to contract ___% for the financial year 2020-2021? 
a. 8.5%
b. 9.6%
c. 10.2%
d. 7.5%

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