- 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%
