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India’s GDP to Contract by 7% for FY21

Published on February 12, 2021
Current Context: The SBI Research economic Development has released the SBI Ecowrap Report.
India’s GDP to Contract by 7% for FY21
  • 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%
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