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India’s GDP to be at 7.9% for FY22—SBI Ecowrap

Published on June 02, 2021
Current Context: The SBI economists has revised India’s GDP projections in its ‘Ecowrap’ report.
India’s GDP to be at 7.9% for FY22—SBI Ecowrap
  • As per the SBI Ecowrap report, India’s GDP to be at 7.9% for FY22.
  • Earlier it had projected India’s GDP to be at 10.4%.
  • The reason behind this revised projection is the second wave of the pandemic which has hit the nation in a severe manner, thereby leading to the lockdown situation in the country.
  • Also, the report estimates, ‘W-shaped’ recovery in FY22. Earlier it was ‘V-shaped’ recovery for the same.
  • Static Part: 
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Kumar Khara

Question: 

Q.1 As per SBI ‘Ecowrap’ report, India’s GDP to be at ____% for FY22?
a. 7.9%
b. 9.8%
c. 10.3%
d. 8.8%

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