Question: What is the GDP growth rate estimated by the British brokerage Barclays for India in 2021-22 fiscal?
(a) 11 per cent
(b) 7.7 per cent
(c) 13 per cent
(d) 12 per cent
Answer: (b)
Related facts:
- British brokerage Barclays has projected the GDP growth rate of the Indian economy to grow at 7.7 per cent in the bear-case scenario if the country is hit by the third wave of the Covid pandemic going ahead.
- The economic cost, it believes, could rise by at least a further $42.6 billion, assuming another round of similar stringent lockdowns is imposed across the country for eight weeks later this year.
- However,they have further trimmed FY22 GDP projection to 9.2 per cent from 10 per cent earlier.