Economy

GDP to grow in double digits on low base: ICRA report

Economic recovery has gained momentum after the lifting of localised lockdowns imposed in the aftermath of the second wave, but is ‘incomplete,’ according to a ICRA report.

The Indian economy will grow in double digits for the April-June period on the low base of 2020-21 but will still be short of the levels observed in the first quarter of FY20, it said.

“The real GDP in Q1FY22 will trail the Q1FY20 level, while recording a double-digit y-o-y expansion,” it said. The nationwide lockdown had resulted in a 23.7% GDP contraction in the June quarter of FY20.


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Printable version | Sep 28, 2021 6:49:21 AM | https://www.thehindu.com/business/Economy/gdp-to-grow-in-double-digits-on-low-base-icra-report/article35351240.ece

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