What does negative real GDP growth for the year 2020-21 signify?
(a) Real GDP of the year 2020-21 has decreased as compared to 2019-20
(b) Real GDP of the year 2020 21 has become negative.
(c) Real GDP of the year 2020-21 is less than Nominal GOP of the same period.
(d) None of the above
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The Reserve Bank on India (RBI) on Friday said India's gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted economic activities. In a televised address, RBI Governor Shaktikanta Das said the global economy is heading into recession.
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