India’s GDP to Grow at 10% in FY22- HDFC Bank

Current Context: The HDFC bank has reduced the growth rate projections for India for FY22.

• As per HDFC Bank, India’s GDP growth to be at 10% for FY22.
• Earlier it had projected the growth of 11.5% for the same.
• The reduction in the growth rate was made due to the outbreak of the second wave of COVID-19 in the country which has led to the stop of economical and business activities in the country amidst the situation of lockdown.
• Also, the HDFC bank has predicted that the GDP rate could go at 8%, in the worst case of the COVID-19 outbreak.
• Static Part:
• HQ of HDFC Bank: Mumbai
• Tagline of HDFC Bank: We understand your world
• MD and CEO of World Bank: Sashidhar Jagdhishan

Question: 

Q.1 As per the HDFC Bank, India’seconomy will grow at ___% for 2022?
a. 9.3%
b. 10%
c. 11%
d. 12.5%