Current Context: The UBS Securities has forecasted that India's GDP to contract 8.6% for the financial year 2020-2021.
- Earlier it has projected GDP contraction to 5.8%.
- As per UBS Securities, India's potential rate of growth has reduced to 5.75- 6.25% as per the estimation against 7.1%.
- It has also projected that India's GDP will show the growth by 10% for the financial year 2021-2022.
- Static Part:
- HQ of UBS Securities: Beijing, China
Question:
Q.1 The UBS Securities has forecasted that India's GDP to contract ___% for the financial year 2020-2021?a. 8.6%
b. 9.6%
c. 10.2%
d. 7.5%
