Ind-Ra revises GDP growth projection to 9.4% in FY22 and 15.3% in Q1

In June, the rating agency had said that the GDP would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year

India Ratings has revised its projections for economic growth during the current financial year to 9.4 per cent against its earlier forecast of 9.1-9.6 per cent. It would be 15.3 per cent in the first quarter, 8.3 per cent in the second quarter and 7.8 per cent in each of the remaining two quarters of the year.  

In June, the rating agency had said that the gross domestic product (GDP) would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year, but economic expansion might slip to 9.1 per