[UPSC IFoS 2015] Electrostatics and Magnetostatics (Q121, 10+5=15M)

A plane conducting circular wire loop lies perpendicular to a uniform magnetic field B and its area S(t) is changed as S(t) = S_0 (1 - \alpha t), where 0 < t < \frac{1}{\alpha} (S_0 and \alpha are constants). The wire has resistance per unit length \rho\,\Omega\text{ m}^{-1}. Find the induced current through the wire. If the current in a certain coil varies at a rate of 50\text{ A s}^{-1}, the induced e.m.f. is V = 20\text{ volts}. What is the inductance of the coil?