Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.13)

13. 

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

[A]. 4.5%
[B]. 6.5%
[C]. 8.5%
[D]. 9.5%

Answer: Option D

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.

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