The nation’s gross home product (GDP) progress could slip to eight.2 per cent within the present monetary 12 months 2021-22, if the continued second wave of the COVID-19 pandemic peaks by June-end, stated scores company Crisil. However, the company maintained its baseline estimate of an 11 per cent progress, however the chance is firmly tilted downwards to the projection of 11 per cent progress within the present monetary 12 months.
The company gave two situations. In a average state of affairs underneath which the second wave peaks by May-end, the GDP progress will drop to 9.8 per cent however will slip to eight.2 per cent in a extreme state of affairs. In each instances, the everlasting loss to GDP over the medium-term will rise to 12 per cent from 11 per cent within the base case.
