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

Current Context: The India Rating and Research (Ind-Ra) has revised its estimation for India’s GDP for the fiscal year 2020-21.

• 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%