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India’s GDP to contract at 10.3% in FY2021—By Goldman Sachs

Published on November 19, 2020
Current Context: The Goldman Sachs has revised the GDP forecast for India for FY 2021.
India’s GDP to contract at 10.3% in FY2021—By Goldman Sachs
  • As per revised data from Goldman Sachs, India’s GDP to contract at 10.3% for FY 2021. 
  • The earlier projection was 14.8%.
  • For FY 2022, the Goldman Sachs has projected India’s GDP at 13%.
  • Also, Goldman Sachs projects a normalisation in the government containment policies and travel restrictions by mid-2022 after the COVID-19 vaccine is discovered and distributed.

Question: 

Q.1 As per Goldman Sachs, India’s GDP to contract at ____% for FY 2021?
a. 8.3%
b. 14.3%
c. 10.3%
d. 12.3%
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