Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.268)

268. 

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?

[A]. 2%
[B]. 6%
[C]. 4%
[D]. 5%

Answer: Option D

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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