Care Ratings Projects India’s GDP growth forecast at 10.2% for FY22

Care Ratings has revised downwards the GDP growth forecast of India to 10.2 per cent in 2021-22 (FY22). Earlier this was estimated between 10.7-10.9 per cent. This cut in the GDP is based on the fact that economic activities are getting affected across the country due to curbs imposed by states amid a surge in COVID-19 cases.

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