ICRA Slashes India’s GDP Forecast by 0.5% to 10.5% in FY22

The home score company ICRA has reduce the expansion estimate of India for 2021-22 by 0.5 per cent on the higher finish and now expects the economic system to develop 10-10.5 per cent in 2021-22 as in opposition to 10-11 per cent estimated earlier. The downward revision within the forecast follows the lockdowns and restrictions that are getting imposed as soon as once more as a consequence of rising COVID-19 instances.

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