What is the revised India’s GDP estimate for FY21 as per US based Goldman Sachs group.
A. -0.4%
B. -4.1%
C. -0.8%
D. -2.6%
Answer:A
What is the revised India’s GDP estimate for FY21 as per US based Goldman Sachs group.
A. -0.4% B. -4.1% C. -0.8% D. -2.6%
Explanation: American multinational financial services company Goldman Sachs Group, Inc. has predicted India’s GDP (Gross domestic product) growth for 2020-21 (FY21) at -0.4% following the expansion of the lockdown. While the Japanese brokerage firm Nomura Holdings, Inc. has also lowered India’s FY21 GDP growth forecast to –5.2% from -0.4% predicted earlier.