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India’s GDP to Contract by 7% in FY21—Moody’s Rating Agency

Published on February 27, 2021
Current Context: Moody’s Rating Agency has projected that India’s economy to contract by 7% for FY 2020-21.
India’s GDP to Contract by 7% in FY21—Moody’s Rating Agency
  • Initially, it had an estimated 10.6% contraction for the same.
  • Also, the rating agency has projected that the Indian economy will grow to 13.7% for FY 2022 as compared to its previous estimation of 10.8%.
  • Static Part: 
    • HQ of Moody’s: New York, US

Question: 

Q.1 As per Moody’s, India’s GDP to contract ___% for FY 2020-21?
a. 7.5%
b. 8.3%
c. 8%
d. 7%
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