India Ratings & Research has lowered India’s gross domestic product growth estimates for the financial year 2020-21 to what amount?

Question: India Ratings & Research has lowered India’s gross domestic product growth estimates for the financial year 2020-21 to what amount?
[A].

3.6 %

[B].

2.6 %

[C].

4.6 %

[D].

8.6 %

Answer: Option A

Explanation:

India Ratings & Research (Ind-Ra), the Indian subsidiary of Fitch group, has lowered India’s gross domestic product (GDP) growth estimates for the financial year 2020-21 (FY21) to 3.6 % from 5.5% due to concerns over the coronavirus (COVID- 19).