The agency said the post-election lockdowns can be expected
The rating agency had projected GVA to increase from Rs 124.11 lakh crore (FY21) to Rs 136.82 lakh crore (FY22)
According to the agency, the loss in GDP this year due to the lockdowns would be to the extent of 0.8-1 per cent from our earlier estimate of 11-11.2 per cent.
With economic activities getting affected across the country due to curbs imposed by states amid surge in COVID-19 cases,
Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent. This is the third revision by the rating agency in the last one month.