 "India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL")
CRISIL has projected India’s economy to grow by 11 per cent in the next fiscal year against expected contraction of 8 per cent in 2020-21, but GDP will still tread below the pre-Covid trend. It also said next year would be a story of two halves with broad-based recovery to come in the second half.
“While the first half of next fiscal year will benefit optically because of low-base effect, the second half would see a more broad-based pick-up in economic activity owing to a commodity price lift, large-scale vaccinations and likely stronger global growth,” it said.
GDP
“While the first half of next fiscal year will benefit optically because of low-base effect, the second half would see a more broad-based pick-up in economic activity owing to a commodity price lift, large-scale vaccinations and likely stronger global growth,” it said.
GDP
