Indian economy to grow 11% in fiscal 2022, study shows
https://www.rt.com/business/517681-india-economy-growth-pandemic/ Version 0 of 3. A new report by ratings firm CRISIL said India’s GDP growth is expected to rebound to 11 percent next fiscal year, as the rollout of Covid vaccinations and “investment-focused government spending converge.” The second half of FY22 is projected to see a more broad-based pick-up in economic activity, due to a commodity price lift, large-scale vaccinations, and likely stronger global growth, said the ratings firm. “Policymakers and regulators have primarily facilitated the revival. India’s medium-term growth now hinges on a kickstart of the investment cycle,” said CRISIL’s managing director and CEO Ashu Suyash. “There are early positive signs, powered by government spending, such as through the National Infrastructure Pipeline, demand-driven capex, and the Centre’s Production-Linked Incentive (PLI) scheme.” According to the report, trade has normalized faster than the rest of the economy, with both exports and imports scaling pre-pandemic levels. For more stories on economy & finance visit RT's business section |