New Delhi: Rating agency ICRA has projected India’s GDP growth at 8.5 per cent in FY12. According to ICRA, the year-on-year (YoY) growth of GDP and Gross Value Added (GVA) at basic prices (at 2011-12 prices) are expected to reach 8.5 per cent and 7.3 per cent in FY22, respectively.
"The impact of the second wave of COVID-19 and the ensuing state-wise restrictions were seen in various high frequency indicators in April-May 2021. Now that the fresh cases have subsided, and restrictions are being eased, we have our baseline GDP growth forecast for FY22 at 8.5 per cent, said ICRA Chief Economist Aditi Nair.
Icra said that if vaccine coverage picks up after the re-centralized procurement policy, GDP could expand to 9.5 per cent in FY22, with broader growth in Q3 and Q4 of FY22. The country’s GDP declined by 7.3 percent in FY2020-21. Last week, the Reserve Bank of India (RBI) had projected real GDP growth at 9.5 per cent in 2021-22. For the full year, it expects GDP growth to exceed GVA growth by 120 basis points, based on expectations related to the value of taxes on products.
If you have any concerns or complaints regarding this article, please let us know and the article will be removed soon.
Best Laptops Under 40000 For WFH & Students
- Best Laptop Under 40000 – (Renewed) Lenovo Thinkpad Laptop X240 Intel Core i5 – 4300u Processor, 4 GB Ram & 256 GB SSD & 2TB HDD, Win10, 12.5 Inches 1.3 KG Ultralight Computer
- Best Laptop Under 40000 – (Renewed) Lenovo IdeaPad B40-70 14-inch Laptop (Core i3/8GB RAM(Upgradable to 16)/512GB SSD/Windows 10 Pro/MS Office 2019/More than 4 GB Intel Integrated Graphics, Fingerprint Scanner), Black
- Best Laptop Under 40000 – (Renewed) Dell Latitude Laptop 3350 Intel Core i3 – 5005u Processor, 4 GB Ram & 128 GB ssd, Win10, 13.3 Inches Notebook Computer
- Which Laptop Is Best? – (Renewed) Lenovo Thinkpad Laptop X240 Intel Core i5 – 4300u Processor, 4 GB Ram & 256 GB SSD, Win10, 12.5 Inches 1.3 KG Ultralight Computer
- Best Laptop Under 40000 – HP 255 G8 Laptop 3K9U2PA (AMD Ryzen 3-3300/4GB Ram/ 512 GB SSD/ 15.6″ Inch HD/ Windows 10 Home / Dark Ash Black / 1 Year Warranty)
- Best Laptop Under 40000 – Lenovo IdeaPad S145 Intel Core i3 7th Gen 15.6 inch Full HD Thin and Light Laptop (4GB/1TB HDD/Windows 10/MS Office 2019/Platinum Grey/1.85Kg), 81VD0073IN
- Best Laptop Under 40k – Life Digital Laptop 15.6-inch (39.62 cms) (Intel Core i7, 4GB RAM, 256GB SSD, Windows 10), ZED AIR CX7