Industry

‘India to grow 11%, lockdown impact a risk’

S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11% in the current fiscal, but flagged the “substantial” impact of broader lockdowns on the economy.

In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy.

“Our forecast growth of 11% for India... is followed by a 6.1%-6.4% forecast increase for the next couple of years... The impact of broader lockdowns on the economy could be substantial, depending on their length and scope,” it said.

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Printable version | May 6, 2021 10:49:25 PM | https://www.thehindu.com/business/Industry/india-to-grow-11-lockdown-impact-a-risk/article34387216.ece

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