How much better can FY22 be?

FY22 was once projected to be 13 per cent higher than FY20. Can six months of lockdown bring growth down to 1 per cent?

India appears to be well on its way to putting the Covid-19 pandemic behind it, as new cases and deaths continue to fall even before the mass-vaccination campaign. Its economic impact, however, is still being discovered. In the last few months, economic momentum has continued to surprise positively. Consensus estimates of real gross domestic product (GDP) growth in FY21 have begun to reverse the steady downgrades seen from March to September last year, moving from a bleak 10 per cent decline to predicting a slightly more positive 8 per cent fall now. Growth forecasts for FY22 have also been inching