Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1043)
1043.
In accordance with the India Ratings and Research, India's Gross domestic Product is likely to shrink by what percent in FY20-21?
Answer: Option
Explanation:
In accordance with the India Ratings and Research (Ind-Ra), India's Gross domestic Product (GDP) is likely to shrink by 5.3% in FY20-21, the lowest GDP growth in the Indian history. It will contract in each quarter in FY21 (April 2020 to March 2021). For FY21-22, it is expected that GDP growth would bounce back in the range of 5-6%.
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