India's real GDP likely to maintain 9 pc growth rate in FY2022, FY2023: Report
- IBEF
- December 29, 2021
Rating agency ICRA expects Indian economy to grow at 9% in fiscal year ending March 2022, and maintain same growth rate of 9% in fiscal year ending March 2023. In a report published by ICRA, its Chief Economist Aditi Nayar stated that the growth in fiscal year 2023 is expected to be more tangible and meaningful than the base-effect led rise in fiscal year 2022. These growth estimates are in spite of concerns over Omicron variant of COVID-19.
As per the report, the share of double-vaccinated adults is expected to reach 85%-90% by March 2022. The Indian economy grew at a pace of 8.4% during July to September quarter of 2021, as compared to same quarter in previous year.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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