- As per domestic rating agency ICRA, India’s GDP to contract by 11% in FY 2020-21.
- Earlier ICRA has projected a contraction of 9.5% in FY 2020-21. But, now they have revised the contraction rating because of continuous impact of COVID-19 on the Indian economy.
- ICRA has projected India’s GDP contraction of 12.4% in Q2FY21.
- It has also revised its projection for its year-on-year (YOY) forecasts for Q3FY21 to (-)5.4% from (-)2.3% and for Q4FY21 to (-)2.5% from (+)1.3%.
- Static Part:
- HQ of ICRA: Gurugram, Haryana
Question:
Q.1 As per domestic rating agency ICRA, India’s GDP to contract by ____% in FY 2020-21?
a. 12.5%
b. 9%
c. 10%
d. 11%
a. 12.5%
b. 9%
c. 10%
d. 11%
