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India’s GDP to Contract 7.8% in FY21—By Ind-Ra

Published on December 26, 2020
Current Context: The India Rating and Research (Ind-Ra) has revised its estimation for India’s GDP for the fiscal year 2020-21.
India’s GDP to Contract 7.8% in FY21—By Ind-Ra
  • As per Ind-Ra, India’s GDP to contract 7.8% in the financial year of 2020-21. 
  • Earlier it had projected 11.8% contraction in India’s GDP for FY 2020-21. 
  • Also, the rating agency has estimated that GDP of India to grow 9.6% in FY 2021-22. 

Question: 

Q.1 India’s GDP to contract ___% in FY 2020-21, as per Ind-Ra?
a. 10.8%
b. 9.8%
c. 8.8%
d. 7.8%
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