Indian economy to grow at 11% in FY'22: Crisil
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Last Updated: Mar 09, 2021, 04:17 PM IST
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Synopsis
While exports are recovering well for large industries, and agriculture and allied sectors, they remain weak for labour-intensive, small-enterprise driven segments such as gems and jewellery, garments, and leather products because of their discretionary nature.
The pace of growth will differ in the first and second halves next fiscal.
India's GDP growth is expected to rebound to 11% in FY'22 as people learn to live with the new normal, flattening of the Covid-19 affliction curve, rollout of vaccinations, and investment-focused government spending converge, according to ratings firm