Oxford Economics Projects India’s FY22 GDP Growth Forecast to 10.2%

Current GK ( Master) Growth and development

The Global forecasting firm Oxford Economics has revised downwards the GDP growth forecast for India to 10.2 percent for the fiscal 2021-22.
Earlier it predicted this at 11.8 percent.
The downward revision is based on the country’s serious health burden, weak vaccination rate and lack of a convincing government strategy to contain the pandemic.