India’s GDP to Grow to 12.5% for FY22-- IMF

Current Context: The International Monetary Fund (IMF) has released its biannual World Economic Outlook report.

• As per the report, India’s GDP will grow to 12.5% for FY2021-22.
• Initially, IMF had projected India’s growth at 11.5% for FY22.
• Also, for FY23, India’s growth forecast is projected to 6.9% with the initial was 6.8%.
• As per the report, the global economy will grow to 6% in 2021 and 4.4% in 2022, against the contraction of 3.3% in 2020.
• Static Part: 
• HQ of IMF: Washington DC, USA
• MD of IMF: Kristalina Georgieva
• Economic Counsellor and Research Department Director: Gita Gopinath

Question: 

Q.1 As per IMF, India’s GDP to grow ___% for FY22?
a. 9.5%
b. 12.5%
c. 11.5%
d. 10.5%