Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1031)

2020-07-19 Economy

1031.

ICRA Limited projects India's Gross Domestic Product to contract by what percent in FY21?

4.5%

6.5%

8.5%

9.5%

Answer: Option

Explanation:

ICRA Limited (formerly Investment Information and Credit Rating Agency) projects India's Gross Domestic Product(GDP) to contract by 9.5%(-9.5%) in FY21 from 5% earlier forecasted as ongoing lockdowns in some states have affected the recovery seen in May and June 2020.