The Confederation of Indian Industry (CII) has estimated the gross domestic product (GDP) of India to grow at 9.5 per cent in the current financial year, i.e. FY 2021-22. This will take the GDP to a level that is slightly higher than in FY20. Rising medical expenditure has squeezed incomes and demand. But recovery is on the cards. Global growth and macroeconomic stability will support trade and investment flows.