Oxford Economics Revises India’s GDP to 10.2% for 2021

Current GK ( Master) Growth and development

The global forecasting firm Oxford Economics has revised India’s economic growth projection for the Calendar year 2021 to 10.2 percent, compared to previous estimate of 8.8 percent.
The reason for the upward revision is the receding COVID-19 risks and the shift in the monetary policy outlook.
Oxford Economics is headquartered in Oxford, United Kingdom and has 6 office locations across 5 countries. It provides global forecasts and analysis to predict and manage economic risk.