CRISIL Projects Indian economy to grow at 11% in FY’22

Current GK ( Master) Growth and development

CRISIL Rating agency has projected the GDP growth of India to rebound to 11% in FY’22 (2021-22).
This positive estimate depends on four major factors which includes, people have learn to live with the new normal, flattening of the Covid-19 affliction curve, rollout of vaccinations, and investment-focused government spending converge.
Earlier, Crisil has estimated the India’s GDP to contract 8% in FY21 due to the coronavirus pandemic-induced recession.