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Ratings agency ICRA has revised its real GDP growth forecast for India on September 27, 2021 for Financial Year 2022 (FY22). Its GDP forecast has changed from 8.5% to 9 per cent.
According to ICRA, widening coverage of Covid-19 vaccines will boost confidence, which, in turn, will re-energise the demand for contact-intensive services. It will help in reviving the portions of economy affected most by covid-19 pandemic. As per ICRA’s estimated, nearly three-fourths of Indian adults will receive their second Covid-19 vaccine by the end of 2021.
By: Brijesh Kumar ProfileResourcesReport error
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