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Indian Economy - Understanding the basics of Indian economic system

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    As per the India Ratings (Ind-Ra), what is the estimated GDP growth of Indian economy for the financial year 2020-21 ?

    3.6%

    Correct Answer

    5.1%

    Incorrect Answer

    4.9%

    Incorrect Answer

    2.3%

    Incorrect Answer
    Explanation:
    • Credit rating agency India Ratings (Ind-Ra) has cut its FY21 growth forecast for India to 3.6% due to coronavirus lockdown.
    • India Ratings is a wholly owned subsidiary of the Fitch Group.
    • Ind-Ra Established in 1995.
      Headquarter - Mumbai
      MD & CEO - Rohit Karan Sawhney

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