Fitch Ratings has slashed its FY21 GDP forecast for India to a contraction of how much per cent from a contraction of 5% estimated in June 2020?

Fitch Ratings has slashed its FY21 GDP forecast for India to a contraction of how much per cent from a contraction of 5% estimated in June 2020? Correct Answer 10.5

The correct answer is 10.5%.

• Fitch Ratings has slashed its FY21 GDP forecast for India to a contraction of 10.5% from a contraction of 5% estimated in June 2020.
• India Ratings, the India arm of Fitch, revised downward its FY21 GDP estimate for India to a decline of 11.8% from a contraction of 5.3% estimated earlier.
• The latest estimates by Fitch and India Ratings are among the worst predictions for the Indian economy.