As per estimates by NSO, India's GDP is estimated to grow by ______ in FY21.

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RRB NTPC - 2019

General Knowledge

As per estimates by NSO, India's GDP is estimated to grow by ______ in FY21.

This question was previously asked in

RRB NTPC 2019 CBT 1 Question Paper PDF (31-Jan-2021) (Shift 1)

4.5%

2.5%

-7.7%

-5.5%

The correct answer is

-7.7%

NSO Estimate for India GDP Growth FY21

The question asks for the specific estimate provided by the National Statistical Office (NSO) regarding India's Gross Domestic Product (GDP) growth for the Financial Year 2020-2021 (FY21).

The FY21 period was significantly impacted by the COVID-19 pandemic and associated lockdowns, leading to a contraction in economic activity.

According to the NSO's estimates released during that period, India's GDP was projected to decline.

The official estimate by NSO indicated a GDP growth rate of -7.7% for FY21.

Therefore, the correct estimate for India's GDP growth in FY21, as per NSO, is a contraction of 7.7%.

The calculation represented is:
GDP Growth (FY21) = $-7.7\%$

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