The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.
As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India (SBI) has revised India's growth outlook downwards for the current financial year.
New Delhi: CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve. The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides […]
United Nations: The UN projects India’s economy to grow by 5.7 per cent in the current fiscal year and expects it to rise to 6.6 per cent in the next. The projection in the UN’s World Economic Situation and Prospects report released on Thursday are higher than the 5 per cent made by the World […]
Washington: After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. In 2018-19, the growth rate of the country stood at 6.9 per cent. However, the bank in its latest edition of the South Asia Economic […]