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 0 The second wave of COVID-19 infections will be less disruptive than the first wave, despite the case load per day reaching more than three times of the peak level attained during the first wave. Assuming the second wave of COVID-19 would start subsiding mid-May 2021 onwards, India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY22 to 10.1% from earlier forecasted 10.4%.   In a report, the ratings agency says, The demand-side component of GDP namely private final consumption expenditure, government final consumption expenditure and gross fixed capital formation are now expected to grow at 11.8%, 11.0% and 9.2%, respectively, in FY22, as against our earlier forecast of 11.2%, 11.3% and 9.4%, respectively.

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