 "gdp, growth, forecast, profit, economy, manufacturing")
Icra has projected the economy to grow by double digits year-on-year, at 10.1 per cent in the next financial year, but cautions that the value of gross domestic product (GDP) will only mildly surpass the 2019-20 level. India's economy is expected to contract by 7.7 per cent this financial year as per official advance estimates, but Icra pegged the GDP fall at 7.8 per cent.
The rating agency expects the stance of the monetary policy to change to neutral from accommodative in the August 2021 policy review or later, after there is greater certainty on the durability of the awaited
