India Ratings (Ind-Ra) has projected the GDP growth rate for India for FY22 at 9.4%. Earlier Indi-Ra had projected the rate at between 9.1-9.6%. It would be 15.3 per cent in the first quarter, 8.3 per cent in the second quarter and 7.8 per cent in each of the remaining two quarters of the year.
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The agency’s estimate suggests that 5.2 million daily doses would have to be administered from now on to fully vaccinate more than 88 per cent of the adult population as well as to administer single doses to the rest by March in the current financial year.
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