India Ratings lowers FY22 GDP growth to 8.6 percent from 9.2 percent

India Ratings & Research (India Ratings) has revised downwards the GDP growth forecast of the country for 2021-22 (FY22) to 8.6 percent. Earlier this was projected at 9.2 percent.

The National Statistical Organisation (NSO), which has forecast 9.2 per cent real GDP growth for the year, will release the second advance estimate of national income.