Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.28)

28. 

India's GDP will contract by how much percnet in FY21 because of the COVID-19 pandemic, according to BofA Securities?

[A]. 2%
[B]. 3%
[C]. 6%
[D]. 4%

Answer: Option B

Explanation:

BofA Securities, a foreign brokerage, stated that India's GDP will contract by 3% in FY21 because of the COVID-19 pandemic, assuming the economy is opened up fully from next month. The Indian GDP will contract this fiscal, with some estimates ranging up to 7% negative growth.

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