INSUBCONTINENT EXCLUSIVE:
The revision of the economic growth assumes that the second wave will begin to subside by mid-May 2021.Amid the second wave of COVID-19 in
for the financial year 2021-22 to 10.1 per cent on Friday, April
The earlier GDP growth projection by the agency for the fiscal was 10.4 per cent
The revision of the economic growth assumes that the second wave of the pandemic will begin to subside by mid-May 2021
The credit rating agency said that the impact of the second wave of the pandemic will not be as disruptive because the administrative
response may remain confined to the regional or local lockdowns and containment zones.Additionally, unlike the first wave of COVID-19, the
India Ratings and Research said that the demand side component of the GDP - which are government final consumption expenditure, private
final consumption expenditure is expected to grow at11.8 per cent, the government final consumption expenditure is expected to grow at 11
148.2 lakh crore which is 10.7 per cent lower than the fiscal year's trend value
The consumption slowdown is estimated to contribute around 63.4 per cent of the decline.
