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India's FY22 GDP projection upgraded to 9.3%-9.6% range: SBI Ecowrap

SBI Ecowrap also lists 5 growth enablers despite Modi's U-turn on farm laws

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Illustration: Binay Sinha

BS Web Team New Delhi
With 42% population fully vaccinated againt Covid-19, SBI Research has revised upwards India's GDP growth projection to range of 9.3%-9.6% for FY22 and 8.1% in Q2FY22.

"The reason for the upward revision is that India recorded only 11% increase in Covid cases during Q3 2021, second lowest among top 15 most affected countries, and the increase in cases has declined to 2.3% in November 2021 over September 2021. So far, 1.15 billion vaccine doses have been administered, with 81% of the eligible population receiving at least a single dose and 42% of the eligible population both doses. In certain states