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Indian Economy to Contract by 9.6% in FY 2020-21—World Bank

Published on January 07, 2021
Current Context: The World Bank has predicted that India’s economy to contract by 9.6% in FY 2020-21.
Indian Economy to Contract by 9.6% in FY 2020-21—World Bank
  • It has also projected that India to recover growth to 5.4% in 2021.
  • The global economy is expected to expand to 4% in 2021.
  • World Bank has stated the reason for India’s contraction for sharp declines in the household expenditure and private investment due to the COVID-19 pandemic.
  • Static Part: 
    • HQ of World Bank: Washington DC, US

Question: 

Q.1 As per World Bank, India’s economy to contract by ___% in FY 2020-21?
a. 9.6%
b. 10.6%
c. 7.6%
d. 8.6%
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