Tag - crisil

India’s GDP growth to rebound to 11% in FY22


New Delhi: India's gross domestic product (GDP) growth is expected to rebound to 11 per cent in fiscal 2022, after an estimated 8 per cent contraction this fiscal, ratings agency Crisil said. Accordingly, the agency cited four drivers to attain such a growth -- "people learning to live with the new normal, flattening of the...

economy

India’s worst recession is right here: Crisil


New Delhi: India’s fourth recession since Independence, first since liberalization, and perhaps the worst to date is here, according to rating agency Crisil. CRISIL sees the Indian economy shrinking 5 per cent in fiscal 2021 (on-year), because of the Covid-19 pandemic. The first quarter will suffer a staggering 25 per cent contraction. About 10 per cent...