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India govt forecasts year to March economic growth of 9.2% -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – People approach a crowd in a market amid the spread of coronavirus (COVID-19) in Delhi’s old quarters, India. April 6, 2021. REUTERS/Anushree Fadnavis

NEW DELHI, (Reuters) – The Indian economy will grow 9.2% in the fiscal year that ends in March according to the Ministry of Statistics in its initial estimate.

This would be compared to the 7.3% contraction in previous years.

Private economists are reducing their growth projections for the fiscal year 2021/22 from more than 10% due to disruptions from Omicron COVID-19’s variant surge that has affected consumer sentiment as well as economic activity.

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