On-going lockdown and mobility curbs coupled with fears of an extension – time wise and across more Indian cities – have led to economists tweak their gross domestic growth (GDP) projections for fiscal 2021-22 (FY22).
In a recent note, those at IHS Markit suggest that they expect the Indian economy (as measured by GDP) to grow at 9.6 per cent in FY22. Maharashtra’s lockdown, it said, represents a significant dampener on growth, as the state accounts for 16 per cent of national GDP.
“IHS Markit forecasts 9.6 per cent real GDP growth in FY 2021, though the wider restrictions forecast