India’s GDP to Contract by 7% for FY21

Current Context: The SBI Research economic Development has released the SBI Ecowrap Report.

• As per the report, India’s GDP to contract by 7% for the fiscal year 2021.
• Earlier it had estimated the GDP contraction at 7.4%.
• The report also estimated that the GDP growth for FY22 will be at 11%.
• As per the report, the GDP for the third quarter will be at 0.3% and for the fourth quarter, it will be at 2.5%.
• Static part: 
• HQ of SBI: Mumbai
• Chairman of SBI: Dinesh Kumar Khara

Question:

Q.1 As per SBI Ecowrap report, India’s GDP to contract ___% for FY21?
a. 8.2%
b. 8%
c. 7.2%
d. 7%