Brickwork Ratings Projects India’s GDP at 10-10.5% in FY22

Domestic credit rating agency Brickwork Ratings has estimated the gross domestic product (GDP) of India at 10-10.5 per cent in the current financial year, i.e. in 2021-22 (FY22). Earlier this was estimated at 9 per cent.

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Brickwork Ratings is a SEBI registered Credit Rating Agency with headquarter in Bengaluru. It expects the GDP growth for Q2 FY22 to be at 8.3 per cent (year-on-year), on the back of a 7.4 per cent contraction in Q2FY21. The country’s GDP grew at 20.1 per cent in the first quarter of fiscal 2022.

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