As per Economic Survey 2020-2021, during the first half of the financial year 2020-21, the services sector contracted by almost ______.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 16%
- As per Economic Survey 2020-2021, during the first half of the financial year 2020-21, the services sector contracted by almost 16%.
- The year 2020 was a peculiar year marred by the COVID-19 pandemic and consequent
nationwide and worldwide lockdown measures implemented since March, 2020. The contact
intensive services sector was severely impacted, particularly sub-sectors such as tourism,
aviation, and hospitality.