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As per the Organisation for Economic Cooperation and Development’s (OECD) report titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk”, What is the estimated growth rate (GDP) of India for the year 2020?
  • a)
    5%
  • b)
    4.6%
  • c)
    5.1%
  • d)
    4.9%
  • e)
    6.2%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
As per the Organisation for Economic Cooperation and Development&rsquo...
Global agency Organisation for Economic Cooperation and Development (OECD) in its report titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk” has trimmed India’s real GDP (Gross Domestic Product) growth forecast to 5.1% from the earlier projection of 6.2% for 2020 due to the impact of deadly coronavirus (COVID-19) on the domestic as well as the global economy. For 2021, India’s real GDP growth is projected at 5.6% from the earlier forcast of 6.4%. Fitch has lowered the Gross Domestic Product (GDP) of India for the Fiscal Year 20 (FY20) from 5.1% to 4.9%.
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As per the Organisation for Economic Cooperation and Development’s (OECD) report titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk”, What is the estimated growth rate (GDP) of India for the year 2020?a)5%b)4.6%c)5.1%d)4.9%e)6.2%Correct answer is option 'C'. Can you explain this answer?
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