CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
UBS Securities has cut India’s growth forecast for FY21 to what amount?
A
4.0%
B
3.4%
C
4.8%
D
5.2%
Explanation: 

Detailed explanation-1: -India’s GDP growth will slow down to 5.5 per cent in FY24 from the 6.9 per cent expected in the current fiscal 2022-23, a Swiss brokerage said on Wednesday.

Detailed explanation-2: -The Indian economy is set to grow at 7 per cent, said the Asian Development Bank (ADB) as it kept its outlook for India’s economic growth unchanged for the ongoing fiscal year.

Detailed explanation-3: -NSO First revised FY21 GDP estimates The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%.

Detailed explanation-4: -The ‘Construction’ has registered the highest growth rate of 68.33% percent in Q1 of 2021-22 over Q1 of 2020-21.

There is 1 question to complete.