INDIA’S CONFUSING GDP GROWTH PROJECTIONS FOR 2021-22
RISK FACTORS IN OUTLOOK ARE UNCOMFORTABLY HIGH
2020-12-07 08:56
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It appears to a big relief that most rating agencies — local as well as global — are high on hope that Indian economy will be among the fastest growing major economies in the world in 2021-22. However, growth projections vary widely — from as low as six percent to 21 per cent. They are also subject to several risk factors. The finance ministry has estimated India’s GDP growth in the next financial year at 19 percent in nominal terms. Quoting the ministry's chief economic advisor, present.