Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.122)

122. 

Which organisation expected India's GDP to contract by 9.6% in FY-21?

[A]. UNESCO
[B]. ADB
[C]. World Bank
[D]. WHO

Answer: Option C

Explanation:

The World Bank projected India's GDP to contract by 9.6% this FY-21, which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic. The World Bank earlier in June had estimated the Indian economy to shrink by 3.2% in the current fiscal.

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