Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1033)
1033.
India's GDP will contract by how much percnet in FY21 because of the COVID-19 pandemic, according to BofA Securities?
Answer: Option
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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