India Ratings and Research on Thursday revised downward its economic growth forecast for India to 9.4% for FY22 from 9.6% estimated earlier as does not see entire adult population getting vaccinated by 31 December.

“India Ratings and Research (Ind-Ra) , in its last forecast had articulated that economic recovery would depend on the progress of the vaccination drive. If India is able to vaccinate its entire adult (18+) population by 31 December 2021, then the GDP growth is expected to come in at 9.6% y-o-y in FY22, otherwise it may slip to 9.1%. Going by the pace of vaccination, it is now almost certain that India will not be able to vaccinate its entire adult population by 31 December 2021.

India Ratings and Research on Thursday revised downward its economic growth forecast for India to 9.4% for FY22 from 9.6% estimated earlier as does not see entire adult population getting vaccinated by 31 December.

“India Ratings and Research (Ind-Ra) , in its last forecast had articulated that economic recovery would depend on the progress of the vaccination drive. If India is able to vaccinate its entire adult (18+) population by 31 December 2021, then the GDP growth is expected to come in at 9.6% y-o-y in FY22, otherwise it may slip to 9.1%. Going by the pace of vaccination, it is now almost certain that India will not be able to vaccinate its entire adult population by 31 December 2021.