• Linkdin

SBI projects India's GDP at 9.3-9.6% for FY22

26 Nov '21
1 min read
Pic: LakshmiPrasad lucky | Dreamstime.com
Pic: LakshmiPrasad lucky | Dreamstime.com

India’s success in checking the spread of COVID-19 infections and a strong vaccination drive could drive the gross domestic product (GDP) in the second quarter of this fiscal (Q2 FY22) to 8.1 per cent and the FY22 GDP growth in the range of 9.3-9.6 per cent, according to the projection made by this week’s Ecowrap, a report by the State Bank of India’s (SBI) economic research department.

The Q2 FY22 gross value added (GVA) is estimated at 7.1 per cent. At an annual rate of 9.3-9.6 per cent, India’s real GDP growth could now be 1.5-1.7 per cent higher than the pre-pandemic level of FY20, it points out.

“India remained unscathed in Q3 from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections during Q3 2021,” the analysis said.

India has recorded only an 11 per cent increase in COVID-19 cases during Q3 this year, the second lowest among the top 15 most affected countries. The increase in cases has declined to 2.3 per cent in November against the September figures.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search