India’s GDP to Contract by 7% for FY21

The SBI Research economic Development has released the SBI Ecowrap Report.

 

o    As per the report, India’s GDP to contract by 7% for the fiscal year 2021.

o    Earlier it had estimated the GDP contraction at 7.4%.

o    The report also estimated that the GDP growth for FY22 will be at 11%.

o    As per the report, the GDP for the third quarter will be at 0.3% and for the fourth quarter, it will be at 2.5%.

o    Static part: 

o    HQ of SBI: Mumbai

o    Chairman of SBI: Dinesh Kumar Khara

Question:

Q.1 As per SBI Ecowrap report, India’s GDP to contract ___% for FY21?
a. 8.2%
b. 8%
c. 7.2%
d. 7%