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India’s GDP To Contract At 8% in FY21—ADB

Published on December 11, 2020
Current Context: The Asian Development Bank’s ‘Asian Development Outlook 2020 Supplement: Paths Diverge in Recovery from the Pandemic ‘ for Dec 2020 was published.
India’s GDP To Contract At 8% in FY21—ADB
  • As per the data from this supplement, ADB has revised India’s GDP contraction for the fiscal year 2021. 
  • As per ADB, India’s GDP to contract by 8% in FY 2021.
  • Earlier it has projected contraction at 9% for FY 2021.
  • Static Part: 
    • HQ of ADB: Mandaluyong, Metro Manila, Philippines
    • President of ADB: Masatsugu Asakawa

Question: 

Q.1 As per ADB, India’s GDP to contract by ___% in FY 2021?
a. 8%
b. 9%
c. 11%
d. 10%
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