Question: What is the GDP growth rate forecasted by India Ratings and Research for India in the 2021-22 fiscal?
(a) 11 per cent
(b) 10.5 per cent
(c) 10.1 per cent
(d) 12 per cent
Answer: (c)
Related facts:
- India Ratings and Research (Ind-Ra) has downgraded the GDP growth forecast of India in FY22 (2021-22) to 10.1 per cent.
- Earlier the GDP growth rate was projected at 10.4 per cent.
- The downward revision in the forecast follows the lockdowns and restrictions which are getting imposed once again due to rising COVID-19 cases.
- For FY21 (2020-21), the economy is estimated to have contracted by 7.6 per cent. Ind-Ra is a wholly-owned subsidiary of the Fitch Group.
By-Amar Mani Upadhyay