Barclays pegs India’s FY22 GDP growth at 7.7%

Barclays has pegged India’s economic growth for fiscal 2021-22 (FY22), as measured by gross domestic product (GDP) at 7.7 per cent in the bear-case scenario if the country is hit by the third wave of the Covid pandemic going ahead. The economic cost, it believes, could rise by at least a further $42.6 billion, assuming another round of similar stringent lockdowns is imposed across the country for eight weeks later this year.

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