India’s Economic Growth to be at 9.5% for FY22--IMF

Current Context: The International Monetary Fund (IMF) has reduced the economic growth forecast for India in its recent projections by 300 basis points.

• As per IMF, India’s economic growth is to be at 9.5% for the current financial year of FY22.
• Earlier, it had estimated economic growth of 12.5% for the same.
• The reason behind the downward projection for economic growth stated by IMF was the lack of access to vaccines and the possibility of renewed waves of coronavirus.
• For FY23 (2022-23), IMF has estimated the GDP of India at 8.5%.
• Static Part: 
• HQ of IMF: Washington, D.C. U.S.
• MD and Chairman of IMF: Kristalina Georgieva
• Chief Economist of IMF: Gita Gopinath

Question: 

Q.1 As per IMF, India’s economic growth to be at ___% for FY22?
a. 12.5%
b. 8.5%
c. 10.5%
d. 9.5%