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India s real GDP to expand 11% in FY22: Brickwork Ratings

India s real GDP to expand 11% in FY22: Brickwork Ratings The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching pre-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms PTI | January 13, 2021 | Updated 11:34 IST According to the first advance estimates of national income released by the National Statistical Office (NSO), the country s GDP is estimated to contract by a record 7.7 per cent during the current financial year The country s real gross domestic product (GDP) is likely to expand by 11 per cent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching pre-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.

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