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

Current Context: The World Bank has predicted that India’s economy to contract by 9.6% in FY 2020-21.

• 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%