Home / Economy / News / Maharashtra lockdown to dent FY22 GVA growth by 0.32%: CARE Ratings

Maharashtra lockdown to dent FY22 GVA growth by 0.32%: CARE Ratings

With FY22 starting on a somber note and sporadic lockdowns in Maharashtra and some other states, CARE Ratings believes the overall production and consumption would be affected

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People queue up as they wait for their turn to undergo a mandatory COVID-19 test before entering the Getaway of India, in Mumbai (Photo: PTI)

Puneet Wadhwa New Delhi

3 min read Last Updated : Apr 06 2021 | 12:48 AM IST

The stricter norms put in place in the wake of rising coronavirus cases in Maharashtra would lead to a dip in gross value added (GVA ) growth by 0.32 per cent at the overall domestic economy level in the financial year 2021-22 (FY22), believes CARE Ratings.

It had earlier estimated growth of 10.24 per cent in GVA for FY22 for the Indian economy towards the March-end, where it was assumed that there would be return to normalcy during the year. However, with FY22 starting on a somber note and the lockdown fully in place for Maharashtra and in restrictions in

Topics : Coronavirus Lockdown Indian Economy GVA growth Maharashtra

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