Ind-Ra estimates Indian GDP to grow 10.4% in FY22

Ind-Ra estimates Indian GDP to grow 10.4% in FY22

As per the prediction of India Ratings and Research (Ind-Ra), the GDP of India will gain a bounce 10.4% growth in FY22.

• Also, it is being estimated by the agency that India’s GDP will come positive at 0.3 per cent in the January-March quarter of FY21. this may happen after a period of 9 months.
• Ind-Ra also added that Although the recovery in FY22 on a YoY basis will be V-shaped, the size of the GDP will barely surpass the level attained in FY20 and will be 10.6% lower than the trend value. 

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“India will grow 10.4% in FY22, but meaningful recovery will only happen in FY23: India Ratings”

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— India Ratings (@IndiaRatings) February 11, 2021