India Ratings and Research revises India’s GDP growth rate

Question: What is the GDP growth rate estimated by India Ratings and Research for India for the financial year 2021-22?
(a) 9.6 per cent
(b) 10.5 per cent
(c) 10.2 per cent
(d) 11.5 per cent
Answer: (a)
Related facts:

  • India Ratings and Research (Ind-Ra) has slashed the GDP growth rate of India for fiscal year FY22 (2021-22) at 9.6 per cent.
  • Earlier this was estimated at 10.1 per cent by the rating agency.
  • This rate is, however, contingent upon India vaccinating its entire adult population by December 31, 2021.

Links:
https://www.business-standard.com/article/economy-policy/ind-ra-lowers-fy22-gdp-growth-forecast-to-9-6-due-to-covid-2-0-121062600428_1.html#:~:text=Home-,Ind%2DRa%20lowers%20FY22%20GDP%20growth%20forecast%20to%209.6%25%20due,to%20scale%20of%20Covid%202.0&text=India%20Ratings%20and%20Research%20(Ind,and%20scale%20of%20Covid%202.0.