Care Ratings Projects India’s GDP growth forecast at 10.2% for FY22

Current Events of National and International Importance Growth and development

Care Ratings has revised downwards the GDP growth forecast of India to 10.2 percent in 2021-22 (FY22).
Earlier this was estimated between 10.7-10.9 percent.
This cut in the GDP is based on the fact that economic activities are getting affected across the country due to curbs imposed by states amid surge in COVID-19 cases.