Care Scores revises India’s GDP growth forecast to 10.2 pc computer computer for FY22
With financial actions getting affected across the nation as a result of curbs imposed by states amid surge in COVID-19 cases, has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent. That is the third revision by the score agency in the final one month.
"We've revised our forecast for GDP growth for FY22 as the underlying prerequisites maintain modified all as we dispute in the final 30 days or so. It stands now at 10.2 per cent," Care Scores acknowledged in a file.
On March 24, 2021, the agency had projected GDP growth between 11-11.2 per cent essentially based on GVA (inferior worth added) growth of 10.2 per cent.
The unfold of the virus in Maharashtra had resulted in the announcement of a "lockdown" by the vow execu...