Indian Economy to Contract by 8% in 2020-21—By NSO

Published on February 27, 2021
Current Context: The National Statistical Office (NSO) has estimated that India’s GDP to contract by 8% in FY 2020-21.
Indian Economy to Contract by 8% in 2020-21—By NSO
  • Initially, it has projected GDP contraction to 7.7% for FY 2020-21.
  • Also in the December quarter, the Indian economy will be expanded by 0.4%. With this, the economy will emerge from the recession which occurred due to the pandemic.
  • Static Part: 
    • HQ of NSO: New Delhi
  • It comes under the Ministry of Statistics and Programme Implementation.

Question: 

Q.1 As per NSO, India’s GDP to contract by ___% in FY 2020-21?
a. 7.7%
b. 8%
c. 7.5% 
d. 8.3%

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