India’s GDP at -10.5% for FY21— By UBS

Current Context: As per the report from UBS, India’s real GDP to contract by 10.5% for FY 2020-21.

• The estimation is released by UBS in its Global Economics and Markets Outlook 2021-2022 report. 
• Also is has estimated that India’s real GDP growth to rebound to 10% in FY 2022. 
• The report describes that India’s GDP to stable at 6.2% YoY in FY 2023.

Question: 

Q.1 As per UBS, India’s real GDP to contract by 10.5% for FY 2020-21?
a. 11.5%
b. 10.5%
c. 8.5%
d. 7.5%