Text "GDP" on wood cube lay on gold coins stack, economic data concept
With the resurgence of COVID-19 cases posing risks to economic recovery, the leading brokerages have downgraded India’s GDP growth projections for the current fiscal year 2021-22. Current fiscal year to as low as 10 per cent on local lockdowns threatening fragile recovery.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Given below in the GDP growth forecast by several rating agencies for FY22:
| Agencies | FY22 (revised estimate) | FY22 (previous estimate) |
|---|---|---|
| Nomura | 12.6% | 13.5% |
| JP Morgan | 11% | 13% |
| UBS | 10% | 11.5% |
| Citi Research | 12% | 12.5% |
In the Covid-ravaged 2020-21 fiscal (April 2020 to March 2021), the economy is projected to have contracted by up to 8 per cent. The low base of FY’21 was seen aiding a double-digit growth rate in the current fiscal before moderating to 6.8 per cent in FY’23.
Find More News on Economy Here
Pomegranates are tasty and healthy fruits enjoyed by people all over the world. They are…
On July 25, 2025, India and the Maldives celebrated the 60th anniversary of their diplomatic…
In a dramatic upset at the IBSF World 6-Red Snooker Championship 2025, 16-year-old Welsh cueist…
Renowned Hindi author Geetanjali Shree, celebrated for her International Booker Prize-winning novel Tomb of Sand,…
Prof Uma Kanjilal’s appointment as the first woman Vice-Chancellor of Indira Gandhi National Open University…
Dr. V. Narayanan, the current Chairman of the Indian Space Research Organisation (ISRO) and Secretary…
![](data:image/svg+xml;charset=utf-8,<svg height="200px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
