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The credit rating agency Moody’s has predicted India’s real Gross Domestic Product (GDP) to contract by _______ in fiscal 2021.
  • a)
    4.5%
  • b)
    3.5%
  • c)
    5%
  • d)
    3%
  • e)
    4%
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
The credit rating agency Moody’s has predicted India’s rea...
Rating agency Moody’s expects India’s real Gross Domestic Product(GDP) to contract by 4% in fiscal 2021 due to the COVID-19 pandemic and related lockdown measures. India’s foreign-currency and local-currency long-term issuer ratings have been downgraded to Baa3 from Baa2. Meanwhile India’s local-currency senior unsecured rating was also reduced to Baa3 from Baa2, and its short-term local currency rating to Prime(P)-3 from P-2. The outlook remains negative.
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The credit rating agency Moody’s has predicted India’s real Gross Domestic Product (GDP) to contract by _______ in fiscal 2021.a)4.5%b)3.5%c)5%d)3%e)4%Correct answer is option 'E'. Can you explain this answer?
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