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

Published on May 15, 2021
Current Context: The HDFC bank has reduced the growth rate projections for India for FY22.
India’s GDP to Grow at 10% in FY22- HDFC Bank
  • 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%
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