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GDP to grow in double digits in the first quarter, says 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.

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"...the real GDP in Q1FY22 will trail the Q1FY20 level, while recording a double-digit y-o-y (year-on-year) expansion," it said in the report | Photo: Bloomberg

Press Trust of India

1 min read Last Updated : Jul 15 2021 | 11:29 PM IST

Economic recovery has gained momentum after the lifting of the localised lockdowns imposed in the aftermath of the second wave, but is "incomplete", according to a report by rating agency Icra.

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 (year-on-year) expansion," it said in the report.

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Topics : GDP ICRA Indian Economy

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