Economists say FY22 GDP may take 0.2-1% hit
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To be sure, the economy will still show a sharp rebound in the first quarter and the full FY22 financial year because of the low base due to the nationwide lockdown last year, but a return to pre-pandemic levels will take longer because of the latest disruptions, experts said.
Agencies
HDFC Bank is likely to revise its FY22 growth projection to 10% from 11% currently and its first-quarter forecast to 18-20% from 23% projected earlier.
The curbs announced by Maharashtra and Madhya Pradesh along with restrictions imposed in other states will dent India’s gross domestic product (GDP) by 0.2-1 percentage point, according to an ET poll of economists.
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