ICRA on Thursday forecast India’s GDP would contract 7.8% in FY21.
Rising uncooked materials and wage prices would partly counteract the optimistic influence of a modest rise in volumes in the commercial sector in the third quarter, ensuing in a small 1.0% contraction, the score company mentioned.
“The recovery under way in the Indian economy in Q3 FY2021 is fragile, and appears prone to risks related to rising costs, as well as a reappearance of supply-side disruptions in some States,” mentioned Aditi Nayar, principal economist, ICRA.
A letter from the Editor
Dear reader,
We have been preserving you up-to-date with data on the developments in India and the world which have a bearing on our well being and wellbeing, our lives and livelihoods, throughout these tough occasions. To allow large dissemination of stories that’s in public curiosity, we’ve elevated the variety of articles that may be learn free, and prolonged free trial durations. However, we’ve a request for many who can afford to subscribe: please do. As we struggle disinformation and misinformation, and hold apace with the happenings, we want to commit higher assets to information gathering operations. We promise to ship high quality journalism that stays away from vested curiosity and political propaganda.
Support Quality Journalism
A letter from the Editor
Dear subscriber,
Thank you!
Your assist for our journalism is invaluable. It’s a assist for reality and equity in journalism. It has helped us hold apace with occasions and happenings.
The Hindu has at all times stood for journalism that’s in the general public curiosity. At this tough time, it turns into much more vital that we’ve entry to data that has a bearing on our well being and well-being, our lives, and livelihoods. As a subscriber, you aren’t solely a beneficiary of our work but additionally its enabler.
We additionally reiterate right here the promise that our workforce of reporters, copy editors, fact-checkers, designers, and photographers will ship high quality journalism that stays away from vested curiosity and political propaganda.
Suresh Nambath
