Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey

India's economy is likely to grow by 11 per cent in the fiscal year beginning April 1 as a vaccine drive and rebound in consumer demand help it emerge from the carnage inflicted by a strict coronavirus lockdown, the Economic Survey said on Friday.

The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31, the document -- an annual report card on the economy -- tabled in Parliament by Finance Minister Nirmala Sitharaman said.
 

This is the steepest annual contraction of the economy in the history of