Brickwork Ratings Projects India’s GDP at 10-10.5% in FY22

Domestic rating agency Brickwork Ratings revised its growth estimate for the country’s GDP to 10-10.5% in the current financial year from an earlier expectation of a 9% growth.

Brickwork Ratings is a SEBI registered Credit Rating Agency with headquarter in Bengaluru. It expects the GDP growth for Q2 FY22 to be at 8.3 percent (year-on-year), on the back of a 7.4 percent contraction in Q2FY21. The country’s GDP grew at 20.1 percent in the first quarter of fiscal 2022.