Indian Economy May Cross Over 11 Percent In 2022
- 12-Dec-2020
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The Indian economy could grow at over 11 percent in the 2022 financial year, as it has rebounded spectacularly after the initial loss of production due to COVID-19 this year, said N Chandrasekaran, Chairman, Tata Sons.
"While this rebound looks spectacular, this is coming on the back of the loss of real output. This means, we should not only recover, but also accelerate," Chandrasekaran said about pushing economic activity in the country. He was addressing FICCI's annual convention on December 12.
India's GDP had contracted by 7.5 percent in the second quarter, a significant improvement from the unprecedented 23.9 percent plummet in the first quarter. The country had gone into a nationwide lockdown by the end of March, the some of the easing began only in May.
