Study the table given below and choose given statement is True/False

In India, the GDP growth rate has grown positive in the years 2020-21.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
The GDP growth rate is 8% from 2015 to 2016. Gross domestic product (GDP) is the total market value of all the finished products that nations create over a specific period. In the years 2020–21, it has become negative. During that year, India had a 100% lockdown due to the surge in COVID-19 cases. India experienced high death rates and lakhs and lakhs of corona cases daily. The production process was 0. The primary reason for this negative GDP growth was COVID-19, but the GDP growth has been declining since 2017-18 due to some structural and global economic phasedown.
India's GDP growth rate has grown negative in 2020-21.

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