The Q2 FY22 gross value added (GVA) is estimated at 7.1 per cent. At an annual rate of 9.3-9.6 per cent, India’s real GDP growth could now be 1.5-1.7 per cent higher than the pre-pandemic level of FY20, it points out.

“India remained unscathed in Q3 from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections during Q3 2021,” the analysis said.

India has recorded only an 11 per cent increase in COVID-19 cases during Q3 this year, the second lowest among the top 15 most affected countries. The increase in cases has declined to 2.3 per cent in November against the September figures.

Fibre2Fashion News Desk (DS)