India’s GDP to Contract 7.3% in FY 2020-21—By NCAER

Current Context: The National Council of Applied Economic Research (NCAER) has projected India’s GDP to contract 7.3% for the current fiscal year 2020-21.

• Earlier in September 2020, it had projected a contraction of 12.6%.
• Also, it has revised its growth forecast for the December 2020 quarter and March 2021 quarter to 0.1% and 2% respectively.
• Also, as per NCAER, the fiscal deficit of the centre and state together will amount to more than 14% of GDP of FY2021.
• Static Part: 
• HQ of NCAER: New Delhi

Question: 

Q.1 As per NCAER, India’s GDP to contract ___% for FY 2020-21?
a. 9.3%
b. 10.3%
c. 8.3%
d. 7.3%