GDP growth to bounce back in FY22 but full recovery not in sight until FY23: Ind-Ra
Fiscal deficit of 6.8 per cent of GDP in FY22 is achievable, says Ind-Ra, though, like FY21, it depends on Centre achieving disinvestment target of Rs 1.75 lakh crore in FY22
BusinessToday.In | February 10, 2021 | Updated 14:20 IST
Although FY22 recovery will be V-shaped, GDP size will barely surpass FY20 level
India s gross domestic product (GDP) growth will bounce back to 10.4 per cent year-on-year (YoY) in FY22 on base effect, India Ratings and Research (Ind-Ra) has estimated. The rating agency said after recording contraction in 9MFY21, GDP growth will finally turn positive at 0.3 per cent YoY in Q4.