India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL

GDP is likely to touch the pre-pandemic level only by the second quarter of fiscal year 2022

CRISIL has projected India’s economy to grow by 11 per cent in the next fiscal year against expected contraction of 8 per cent in 2020-21, but GDP will still tread below the pre-Covid trend. It also said next year would be a story of two halves with broad-based recovery to come in the second half.
 
“While the first half of next fiscal year will benefit optically because of low-base effect, the second half would see a more broad-based pick-up in economic activity owing to a commodity price lift, large-scale vaccinations and likely stronger global growth,” it said.
 
GDP