Friday, January 28, 2022

Indias Growth Forecast

Fitch cuts India’s growth forecast to 10pc

Fitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economic recovery would remain vulnerable to further waves and lockdowns.

S&P cuts India’s FY22 growth forecast to 9.5%

GDP growth in the current fiscal was estimated to be in double digits initially, but a severe second wave of pandemic has led to various agencies cut growth projections.

Moody’s cuts 2021 India’s growth forecast to 9.6 pc

Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.

Crisil cuts growth forecast to 9.5 per cent

Crisil said that the second Covid wave has thrown cold water over the Indian economy that was beginning to warm up after witnessing the most severe contraction since Independence.

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