Figure shows certain wire segments joined together to form a coplanar loop. The loop is placed in a perpendicular magnetic field in the direction going into the plane of the figure. The magnitude of the field increase with time. I1 and I2 are the currents in the segments ab and cd. Then,
I1 is in the direction ab and I2 is in the direction dc
The direction of induced current will be in the anti-clockwise direction in the outer loop and clockwise in the inner one as the flux through the loop is increasing due to an increase in the magnetic field.