India’s GDP to contract 10.3% in FY 2020-21—By IMF

Published on October 14, 2020
Current Context: The International Monetary Fund (IMF) has released a report titled as ‘World Economic Outlook’. 
India’s GDP to contract 10.3% in FY 2020-21—By IMF
  • As per the report, the IMF has projected India’s GDP to contract 10.3% in FY 2020-21.
  • Earlier, IMF projected India’s GDP to contract by 4.5% due to the pandemic of COVID-19. 
  • Also as per the report, India’s GDP to grow at 8.8% in FY 2021-22. Earlier prediction for GDP was 6% for FY 2021-22. 
  • Also as per IMF, world economy to contract by 4.4% in FY 2020-21. 
  • Static Part: 
    • HQ of IMF: Washington DC, US
    • MD and Chairman of IMF: Kristalina Georgieva
    • Chief Economist of IMF: Gita Gopinath

Questions: 

Q.1 IMF has projected India’s GDP to contract ___% in FY 2020-21?
a. 10.3%
b. 7.3%
c. 8.3%
d. 11.3%

Q.2 IMF has projected World Economy to contract ___% in FY 2020-21?
a. 5.3%
b. 4.4%
c. 6.2% 
d. 3.9%

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