FY22 GDP estimate on expected lines, but there can be a downward bias

The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real

Forecasting GDP growth, three months before the financial year comes to an end with full information for 6 months and partial data for another 2 months in an environment when the pandemic is in full flow and the actions of the government unknown, is an audacious task. Yet it is needed to have some grip over the final outcome though admittedly the number is susceptible to change. This advance estimates also can put all other forecasts in some perspective given that while the government is upbeat of growth in the region of 10%-11%, the RBI has so far pitched for