Current Affairs - International - Discussion
Discussion Forum : International - Latest Current Affairs (Q.No. 4327)
4327.
American brokerage Goldman Sachs expects the Indian economy to contract by how much percent which will be the deepest compared to all recessions India has ever experienced since 1979?
Answer: Option
Explanation:
American brokerage Goldman Sachs expects the Indian economy to contract by 5% in FY21 (i.e -5%), which will be the deepest compared to all recessions India has ever experienced since 1979. It is against its earlier forecast of 0.4% contraction before revising it down to a level it shares with Japanese brokerage Nomura.
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