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IndRa revises India's FY22 GDP growth forecast to 10.1% on second COVID-19 wave


IndRa revises India s FY22 GDP growth forecast to 10.1% on second COVID-19 wave
Earlier this month, the Reserve Bank maintained its 10.5 per cent GDP growth estimate, but Governor Shaktikanta Das has flagged the rising cases as the biggest impediment to recovery
PTI | April 23, 2021 | Updated 15:07 IST
India Ratings and Research on Friday revised down India s FY22 real GDP growth forecast to 10.1 per cent, from earlier projection of 10.4 per cent, citing the second wave of COVID-19 infections and slower pace of vaccination. At a time when large parts of the country are experiencing tremendous pressure on medical infrastructure, the agency said it expects the second wave to start subsiding by mid-May. ....

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India Ratings revises down India's FY22 GDP growth forecast to 10.1%


MUMBAI: India Ratings and Research on Friday revised down India s FY22 real GDP growth forecast to 10.1 per cent, from earlier projection of 10.4 per cent, citing the second wave of Covid-19 infections and slower pace of vaccination.
At a time when large parts of the country are experiencing tremendous pressure on medical infrastructure, the agency said it expects the second wave to start subsiding by mid-May.
Earlier this month, the Reserve Bank maintained its 10.5 per cent GDP growth estimate, but governor Shaktikanta Das has flagged the rising cases as the biggest impediment to recovery.
Other brokerages and analysts have also been revising down their forecasts in the light of the second wave. ....

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New corporate strategy credit neutral for Airtel: Ind-Ra

“While BAL has a strong track record of building the businesses and monetising the same, Ind-Ra will access the evolution of digital business and any monetisation of the same on case-by-case basis,” the ratings firm said in a note. ....

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