ICRA revise the GDP growth of India to 9.00% in FY 2022

Rating agency Icra on Monday revised up its 2021-22 real GDP growth estimate for India to 9 percent from the earlier 8.5 percent.

A ramp-up in COVID-19 vaccination, healthy advance estimates of Kharif (summer) crop, and faster government spending were the factors that led to the revision, the agency said in a statement.

ICRA is Gurgaon based credit rating agency, owned by Moody’s Corporation.