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India’s GDP to contract at 9.4% in FY21—Fitch Ratings

Published on December 11, 2020
Current Context: The Credit rating agency Fitch Ratings has revised India’s GDP forecast for the fiscal year 2021.
India’s GDP to contract at 9.4% in FY21—Fitch Ratings
  • As per Fitch Ratings, India’s GDP to contract 9.4% in FY 2020-21. 
  • Earlier it had projected India’s GDP to contract 10.5%.
  • Also, as per the rating agency, for the fiscal year 2022 India’s GDP to grow at 11%.

Question: 

Q.1 As per Fitch Ratings, India’s GDP to contract ____% in FY 2020-21?
a. 7.4%
b. 9.4%
c. 10.4% 
d. 8.4%
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