India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the consensus 9.2 per cent projected earlier. According to an India rating analysis, National Statistical Organisation (NSO) is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore. This translates into a GDP growth rate of 8.6 per cent, down from the 9.2 per cent forecast in the first advance estimate released on January 7, 2022.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
What is the major reason for downward revision?
The major reason for the likely downward revision is the upward revision of FY21 GDP to Rs 135.6 lakh crore in the first revised estimate of national income for FY21, which was released on January 31, 2022.
India had a 38% reduction in Tuberculosis deaths in comparison to 35% globally. This has…
Indian boxing celebrated a landmark moment at the 2026 Youth Olympic Games in Dakar, Senegal,…
Another milestone has been reached with Japan placing the first orders for electronically powered train…
Maruthi R. Akella, an aerospace scientist and control systems engineer from the University of Texas…
President Droupadi Murmu distributed the National Sports Awards 2025 on 13th November 2026. A total…
A global Microsoft outage on November 12, 2026 affected a range of services including Outlook,…