India’s GDP To Contract 7.7% in FY 2021--- By CRISIL

Current Context: The Rating Agency, Credit Rating Information Services of India Limited (CRISIL) has projected a slower contraction in India’s GDP.

• As per CRISIL, India’s GDP to contract 7.7% in FY 21. 
• Earlier, in September 2020 it has projected the contraction to 9%.
• Also, for the fiscal year 2021-22, The rating agency CRISIL expects India’s growth to bounce back to 10%. 
• Static Part: 
• HQ of CRISIL: Mumbai
• MD and CEO of CRISIL: Ashu Suyash

Question: 

Q.1 As per CRISIL, India’s GDP to contract ____% in FY 21?
a. 10.7%
b. 9.7%
c. 7.7%
d. 8.7%