World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts International 

World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

By Administrator_ India Capital Sands The World Bank has scaled up its projections for India’s economic growth by a massive 4.7 percentage points to 10.1 percent for 2021-22 due to a strong rebound in private consumption and investment growth. The Bank had pegged the GDP growth at 5.4 percent for the country in its January report. “India, which comprises almost 80 percent of the region’s (south Asia) GDP, had a substantial revision to growth of 4.7 percentage points since January 2021, due to a strong rebound in private consumption and investment growth…

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts Economic News 

Indian economy to contract by 7% in current fiscal

By Administrator_India Capital Sands Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see a surprise 2.8 per cent growth if the SBI analysis turns out to be correct. Soumya Kanti Ghosh, group chief economic adviser at State Bank of India said of the 41 high frequency leading indicators,…

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