Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1030)

2020-08-18 Economy

1030.

Barclays Slashes India's GDP growth to What percent in FY21?

+3%

-6%

+5%

-4%

Answer: Option

Explanation:

Barclays has predicted India's GDP to contract by 6% in 2020-21 (FY21). Earlier it had estimated a contraction of 3.2%.The reason for this downward revision of GDP is India's rising coronavirus infection curve. For FY22, Barclays has predicted India's GDP at 7% as compared to 7.4% earlier.