Crisil Projects India’s GDP Growth for FY22 to 9.5%

The domestic credit rating agency Crisil has revised the GDP growth estimate for India in FY22 (2021-22) to 9.5 percent, from the earlier estimate of 11 percent. As per CRISIL, the economy had contracted by 7.3 percent in FY21. The downward revision is basically due to the hit to private consumption and investments following the second wave of COVID-19.

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