India’s GDP to Contract at 7.5% for FY2020-21—UBS Investment Bank

Current Context: The UBS Investment Bank, which is a major Swiss brokerage has projected that India’s GDP to contract 7.5% for FY2020-21. 

• It has also made an estimation that the economy will rebound at 11.5% in FY22. 
• For FY2023, the UBS Investment Bank has projected that GDP growth will stabilize at 6%. 
• Static part: 
• HQ of UBS Investment Bank: Switzerland

Question: 

Q.1 As per UBS Investment Bank, India’s GDP to contract ____% for FY2020-21?
a. 6.5%
b. 7.5%
c. 8.5%
d. 9.5%