Answer
Counterclockwise.
Work Step by Step
By Lenz’s Law, the field caused by the induced current is directed to oppose the change in flux.
The magnetic field due to I is out of the page where the loop is located. The loop is stationary. Any magnetic flux change is because the current is changing.
The magnetic field that the loop sees, directed out of the page, is getting weaker for $t \gt 0$. The induced current flows in a direction so to make more magnetic field that is out of the page. By the right hand rule, this is counterclockwise.
