Care Ratings Projects India’s GDP growth between 8.8-9% in FY22

Sumit Arora Last updated on July 27th, 2021 10:03 am Leave a comment

The Care Ratings agency has estimated the Gross Domestic Product (GDP) growth rate of India to be in the range of 8.8 to 9 per cent in the current financial year, that is 2021-22 (FY22). The country’s economy had contracted by 7.3 per cent in fiscal 2020-21.

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The report also said the fiscal deficit for FY22 is projected between Rs 17.38 lakh crore to Rs 17.68 lakh crore. The main drivers of the economy would be the agriculture and industry sectors.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.