Brickworks Ratings lowers India’s GDP to 8.3% in FY22

The impact of the third wave of Covid on economic momentum may lower growth in the second half of the current fiscal (H2FY22), Brickwork ratings has said in a release. According to the ratings agency, with the upward revisions of the FY21 GDP growth by Mospi, they revise their GDP growth projections for FY22 to 8.3% from the Earlier in January 2022, the rating agency had estimated this between 8.5-9 percent.