The domestic credit rating agency ICRA has projected the gross domestic product (GDP) growth rate of India for the financial year 2021-22 to 8.5 per cent year-on-year. It expects the gross value added (GVA) at basic prices (at constant 2011-12 prices) to grow at 7.3 per cent in FY2022. ICRA is Gurgaon based credit rating agency, owned by Moody’s Corporation.
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