India’s FY22 growth forecast is down 11%: CRISIL
Posted on Tuesday 11th May, 2021 by Ankit
According to rating company Crisil, the Indian economy’s growth has “bowed strongly” in the range of 9.8-8.2% in the current fiscal year from the current estimate of 11% due to the second wave of Covid-19. Weak growth is expected in the first half of FY 2012 as the resurgence in infections softens favorable base effects, the second half will be supported by better vaccination coverage and stronger global growth, the company said in a report on Monday.
Source: Economics TimesCovid-19 Economy