“In India we revised (upwards) to a large extent based on very good numbers towards the end of the year (as) Indian performance was much better than we expected at that time. Now they also have to proceed with faster vaccination which they have started to do," according to ET which cited OECD chief economist Laurence Boone as saying. The OECD chief economist emphasised that if we don't inoculate a majority of the population fast to allow curbs to be lifted, the recovery will be slower and we will undermine the benefits of fiscal stimulus. Separately, rating agency Crisil projected India’s GDP growth to rebound to 11 per cent in FY22, after an estimated 8 per cent contraction in FY21 driven by flattening of the Covid-19 affliction curve, rollout of vaccinations and investment-focused government spending and people learning to live with the new normal.