SBI Research has revised upwards India’s GDP growth projection to a range of 9.3%-9.6% for FY 22 (2021-22) as the country recorded only an 11% increase in Covid cases during July-September (Q3) 2021 period, second-lowest among the top 15 most affected countries.
Earlier this was estimated in the range of 8.5%-9%. The reason for the upward revision is the decline in the number of COVID cases.